The Greedy Trader Weekly Analysis
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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 12/13/2024 -
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NASDAQ OMX Group Inc. (NDAQ) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :The price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the NASDAQ OMX Group Inc. (NDAQ). During the week, the NDAQ dropped -1.02 points, or -1.26%, and closed at 80.12 on Friday, December 13, 2024. Weekly volume was -23% below average.

NDAQ is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See NDAQ long-term trend chart]
A long-term uptrend had started on April 25, 2024 at 58.10 and reached 83.77 on November 29, 2024. NDAQ gained -25.67 points, or -44.18%, in 31 weeks. The price is now at the 14.22% retracement level.

Medium-term trend: [See NDAQ medium-term trend chart]
A medium-term uptrend had started on June 10, 2024 at 58.28 and reached 83.77 on November 29, 2024. NDAQ gained -25.49 points, or -43.74%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (80.93) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See NDAQ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 19, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See NDAQ short-term trend chart]
A short-term downtrend had started on December 12, 2024 at 81.46 and reached 79.95 on December 13, 2024. NDAQ lost 1.51 points, or 1.85%, in 1 days. The price is now at the 11.26% retracement level.

Daily Technical Indicators: [See NDAQ daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.73
Williams' Percentage Range (W%R) 49.00
Lane's Stochastic (%D-Slow) 22.26
Greed/Fear Indicator (GFI) 39.32
Moving Average Converg./Diverg. (MACD) 1.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.00
Williams' Percentage Range (W%R) 14.10
Overbought
Lane's Stochastic (%D-Slow) 85.30
Overbought
Greed/Fear Indicator (GFI) 76.33
Moving Average Converg./Diverg. (MACD) 4.21
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 85.62
Upper Bollinger Band 82.43
Parabolic System 82.14
Weekly Stochastic Crossing 82.10
Quarterly Trendline Support 80.93
20 Day Moving Average 80.93
Price 80.12
Daily Stochastic Crossing 80.08
Lower Bollinger Band 78.05
50 Day Moving Average 77.35
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Financial Exchanges & Data 74
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 81.46
High Date 12/12/2024
Low 79.95
Low Date 12/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.46
High Date 12/12/2024
Low 79.95
Low Date 12/13/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.77
High Date 11/29/2024
Low 79.54
Low Date 12/09/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 85.62
Support 80.93
Low 58.28
Low Date 06/10/2024
High 83.77
High Date 11/29/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 58.10
Low Date 04/25/2024
High 83.77
High Date 11/29/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.