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Advanced TA SearchArchive - 5/3/2024 - Sign In to see current Signals. |
Nasdaq (^IXIC) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second positive week after 4 consecutive negative weeks for the Nasdaq (^IXIC). During the week, the ^IXIC gained 228.43 points, or 1.43%, and closed at 16156.33 on Friday, May 3, 2024. ^IXIC was trading at average weekly trading volume. Long-term trend: [See ^IXIC long-term trend chart] A long-term uptrend had started on October 13, 2022 at 10088.83 and reached 16538.86 on March 21, 2024. ^IXIC gained -6450.03 points, or -63.93%, in 75 weeks. The price is now at the 5.93% retracement level. Medium-term trend: [See ^IXIC medium-term trend chart] A medium-term downtrend had started on March 21, 2024 at 16538.86 and reached 15222.78 on April 19, 2024. ^IXIC lost 1316.08 points, or 7.96%, in 4 weeks. The price is now at the 70.93% retracement level. Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart] Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help. The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help. Short-term trend: [See ^IXIC short-term trend chart] A short-term uptrend had started on April 19, 2024 at 15222.78 and reached 16204.71 on May 3, 2024. ^IXIC gained -981.93 points, or -6.45%, in 14 days. Price is near the trend high. Daily Technical Indicators: [See ^IXIC daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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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