NAS100 NDX Technical Analysis: The Nasdaq index is trading in a downward trend during today’s trading, as it recorded a high of 21261 and a low of 21094, while it is currently trading at 21188. These movements reflect the continued negative pressure on the index, with a clear tendency towards the decline. Trading below the moving averages levels also enhances the possibility of the continuation of the downward trend.
NAS100 NDX Technical Analysis: Analysis of Trading Prices
By monitoring the price movement, it appears that the Nasdaq index is trading below the moving averages levels, indicating that the market prefers selling operations over buying operations at the present time. This trend indicates weak buying momentum and reinforces expectations regarding the continuation of the decline if prices remain below these averages.
Technical Analysis
Moving Averages:
Technical analysis shows that prices are trading below the moving averages, which reinforces the downward trend. Continued trading below these levels reflects weak buying support, indicating that the index may continue the downward pressure in the short term. If the index fails to exceed these averages, the downtrend may continue.
MACD Indicator Analysis:
The MACD indicator is currently indicating a negative trend, as the MACD line is below the signal line, reflecting weak buying momentum and supporting the negative outlook. This situation indicates that the downtrend may continue in the short term, in the absence of strong signals of improving momentum or reversing the trend.
Future Trading Outlook:
The Nasdaq index is likely to remain in a downtrend in the short term as long as it remains below the moving averages. The MACD indicator’s continuation in the negative zone reinforces the negative expectations for the index in the coming period. In the event that the support level at 21094 is broken, the index may head towards lower support levels.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 21299 | 21127 |
| Target Point 1 (TP1) | First resistance: 21362 | First support: 21027 |
| Target Point 2 (TP2) | Second resistance: 21410 | Second support: 20940 |
| Stop Loss (SL) | 21127 | 21299 |
Based on the current technical analysis, the downtrend remains dominant on the Nasdaq. Trading below the moving averages and the MACD in the negative zone indicates continued downside pressure in the short term. Traders should carefully monitor support and resistance levels, as a break of the current support may open the way for further declines.
