Dated: 07/23/2024
Introduction and overview
The Nasdaq (NAS100) opened the last week of July 2024 at $19651, opening with an upward price gap that was covered. The Nasdaq is currently trading at $19793, reflecting strength in the index’s technical performance. In this technical analysis, we will review the impact of the Moving Average and MACD crossovers on the current uptrend of the Nasdaq. As the last week of July began, the index continued to trade above this level, currently reaching $19793. This upward movement reflects strength in the market and is supported by current technical indicators. Technical analysis shows that the Nasdaq is trading above most of its moving average crossovers, indicating strength in the uptrend. The MACD indicates strength in an uptrend.
Trading strategies based on Buy/Sell levels
| ND100 | In case of buying | in case of selling |
| Entry point | 19860 | 19748 |
| Target Point 1 (TP1) | First resistance: 19960 | First support: 19681 |
| Target Point 2 (TP2) | Second resistance: 20000 | Second support: 19545 |
| Stop Loss (SL) | 19748 | 19860 |
Conclusion
Discover the technical analysis of the Nasdaq (NAS100) for the last week of July 2024. The analysis includes an overview of the price action, technical analysis tools such as moving average crossovers and the MACD indicator, highlighting the strong uptrend in the market.
