NAS100 NDX Technical Analysis: The NASDAQ Index is trading today at the beginning of an upward trend, as the index recorded its highest price so far at 22166.26 and the lowest price at 22043.96. At the moment, the index is trading at the level of 22156.86, reflecting the beginning of an upward movement with some positive momentum in the market.
NAS100 NDX Technical Analysis: Analysis of Trading Prices
It is noted that the index is trading above the moving averages, indicating that the general trend in the market tends to rise in the short term. Trading prices above these averages reflects support for the upward movement, and reinforces the idea of continuing positive momentum during the current period.
Technical Analysis:
Although prices are showing positive signals by trading above the moving averages, the MACD indicator indicates a weak negative trend. This could mean that the bullish momentum could face some slowdown or correction in the near future, and the market needs more strength to confirm the bullish trend more clearly.
Outlook:
If the index continues to maintain its trading above the current support levels and with positive signals from the moving averages, the bullish trend could continue in the near term. However, it is important to monitor any deterioration in momentum based on the developments of the MACD indicator.
which is currently indicating some potential negative pressures.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 22198.38 | 22066.89 |
| Target Point 1 (TP1) | First resistance: 22273.99 | First support: 22009.56 |
| Target Point 2 (TP2) | Second resistance: 22350.22 | Second support: 21020.45 |
| Stop Loss (SL) | 22066.89 | 22198.38 |
The Nasdaq is trading at the beginning of an uptrend, supported by prices trading above the moving averages. However, the MACD is indicating a weak downtrend, highlighting the need to closely monitor the market to ensure the uptrend continues and there are no temporary pullbacks.
