NAS100 NDX Technical Analysis: The Nasdaq Index is trading in a downward trend today, as it recorded a high trading price so far at 20113.75 and a low price at 19842.17. Currently, the index is trading at 19865.00, reflecting the continued bearish momentum in the market.
NAS100 NDX Technical Analysis: Trading Price Analysis
The current price movement of the Nasdaq Index shows trading below the moving averages, which reinforces the strength of the bearish trend in the short term. Trading below these averages indicates weak buying momentum, as the market is exposed to selling pressures that maintain its decline.
Technical Analysis:
Technically, the MACD indicator shows a negative trend, as the MACD line is trading below the signal line, which reinforces the negative signal in the market. This reflects weak buying momentum and indicates that the downward trend may continue if no strong reversal signals appear. The divergence between the lines also indicates that selling pressure will continue in the near future.
Trading Outlook:
Based on the current technical analysis, the Nasdaq is expected to continue its downtrend as long as it continues to trade below the moving averages. If the selling pressure continues, the index is likely to target the nearby support levels at 20031.45, and if this level is broken, it may head lower. In case of a rebound or upward correction, it will be important to follow whether the index will be able to surpass the moving averages to continue the upward momentum.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 20031.45 | 19755.97 |
| Target Point 1 (TP1) | First resistance: 20146.67 | First support: 19611.74 |
| Target Point 2 (TP2) | Second resistance: 20180.50 | Second support: 19570.60 |
| Stop Loss (SL) | 19755.97 | 20031.45 |
The Nasdaq is showing bearish momentum supported by prices trading below the moving averages and a negative MACD. This downtrend is likely to continue if the selling pressure in the market persists. Important support levels should be closely monitored as a break of them could reinforce the continuation of the decline, while any change in momentum could open the door for an upward correction.
