NAS100 NDX Technical Analysis: The Nasdaq Index is trading in a downward trend today, as it recorded its highest price at 21479 and its lowest price at 21058, and is currently trading at the level of 21186. These movements indicate the continuation of selling pressure in the market, with prices trading within a downward range that reflects weak buying momentum.
NAS100 NDX Technical Analysis: Technical Analysis
Moving Averages:
Technically, the index is trading below the main moving averages, which enhances the continuation of the downward trend in the short term. Trading below these averages reflects the control of sellers in the market and reduces the chances of an upward correction at the present time.
MACD Indicator Analysis:
The MACD indicator indicates a negative trend, as it shows a decline in the upward momentum and an increase in the strength of the downward trend. This negative signal supports the bearish scenario, which enhances the possibility of continued selling pressure on the index in the coming period.
Today’s trading outlook:
The Nasdaq is expected to continue trading in a bearish trend today, as trading below the major moving averages and a negative signal from the MACD indicator indicates continued selling pressure. If the index continues to record declines, it may face support levels around 21000 or 20850. If the trend reverses and rebounds above 21479, this may indicate a possible return to the upside.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 21299 | 21058 |
| Target Point 1 (TP1) | First resistance: 21386 | First support: 20927 |
| Target Point 2 (TP2) | Second resistance: 21480 | Second support: 20810 |
| Stop Loss (SL) | 21058 | 21299 |
The technical outlook for the Nasdaq indicates a continuation of the downtrend, supported by prices trading below the moving averages and a negative signal from the MACD indicator. Selling pressure is expected to continue if there is no major change in the buying momentum.
with the possibility of testing additional support levels if the decline continues.
