NAS100 NDX Technical Analysis: The Nasdaq Index is trading in a downward trend during today’s trading, as it recorded a high of 21111 and a low of 20786, and is currently trading at 20996. This movement indicates the continuation of selling pressure on the index, reflecting a downward trend in the market.
NAS100 NDX Technical Analysis: Technical Analysis
Through technical analysis, we notice that prices are trading below the moving averages indicators, which reinforces the downward trend hypothesis and confirms the continuation of negative pressure on the index. The MACD indicator also shows negative signals, which indicates a strong downward trend, and reinforces expectations that this trend will continue in the near term.
Future Trading Outlook:
In light of trading below the moving averages, the Nasdaq Index is expected to continue its downward trend in the short term. The index may face some fluctuations or upward corrections, but as long as trading continues below the moving averages, the general trend will remain downward. If the MACD signals continue to be negative, the declines may accelerate in the near future.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 21148 | 20877 |
| Target Point 1 (TP1) | First resistance: 21254 | First support: 20719 |
| Target Point 2 (TP2) | Second resistance: 22310 | Second support: 20640 |
| Stop Loss (SL) | 20877 | 21148 |
Based on the current technical analysis, the Nasdaq continues its downtrend.
with confirmation from the price trading below the moving averages and negative signals from the MACD. The selling pressure is expected to remain in the near term, increasing the possibility of a continued decline in the Nasdaq.
