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Downtrend Broken Resist.Archive
- 4/25/2025 -
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NASDAQ OMX Group Inc. (NDAQ) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the NASDAQ OMX Group Inc. (NDAQ). During the week, the NDAQ gained 3.18 points, or 4.41%, and closed at 75.36 on Friday, April 25, 2025. Weekly volume was 9% above average.
 Long-term trend: [See NDAQ long-term trend chart]
A long-term downtrend had started on February 6, 2025 at 84.15 and reached 64.84 on April 7, 2025. NDAQ lost 19.31 points, or 22.95%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (76.36). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See NDAQ medium-term trend chart]
A medium-term downtrend had started on April 2, 2025 at 78.40 and reached 64.84 on April 7, 2025. NDAQ lost 13.56 points, or 17.30%, in 0 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (72.12) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. NDAQ may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See NDAQ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See NDAQ short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 64.84 and reached 75.53 on April 25, 2025. NDAQ gained -10.69 points, or -16.49%, in 18 days. Price is near the trend high.
 Daily Technical Indicators: [See NDAQ daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 14, 2025. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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