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Nordstrom (JWN) |
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second positive week after 4 consecutive negative weeks for the Nordstrom (JWN). During the week, the JWN gained 0.58 points, or 3.76%, and closed at 16.02 on Friday, May 26, 2023. Weekly volume was -37% below average.
JWN is a member of Department Stores Industry. Department Stores is the third most oversold industry. 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 JWN long-term trend chart]
A long-term downtrend had started on March 15, 2021 at 46.45 and reached 14.03 on May 4, 2023. JWN lost 32.42 points, or 69.80%, in 111 weeks. The price is now at the 6.14% retracement level.
Medium-term trend: [See JWN medium-term trend chart]
A medium-term downtrend had started on April 17, 2023 at 17.65 and reached 14.03 on May 4, 2023. JWN lost 3.62 points, or 20.51%, in 2 weeks. The price is now at the 54.97% retracement level.
 Weekly Technical Indicators: [See JWN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 below its signal line since March 17, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See JWN short-term trend chart]
A short-term uptrend had started on May 4, 2023 at 14.03 and reached 16.78 on May 24, 2023. JWN gained -2.75 points, or -19.60%, in 20 days. The price is now at the 27.64% retracement level.
 Daily Technical Indicators: [See JWN daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since May 9, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
The distance between the Bollinger Bands is falling, and it was 13.23% on Friday. It is 52.39% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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.
 Candlestick pattern: [See JWN candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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