NAS100 NDX Technical Analysis: The Nasdaq Index is trading in an upward trend today, as it recorded its highest trading price so far at 21,715 points and its lowest price at 21,377 points, while it is currently trading at 21,677 points. The index movement shows strength in the upward trend, as it is trading above the moving average indicators, which reinforces the positive outlook and confirms the support of the upward trend.
NAS100 NDX Technical Analysis: General Market Trend
The Nasdaq Index is currently enjoying upward momentum, as prices continue to trade above the moving average levels, reflecting the market’s preference for long positions. This movement indicates that the upward trend may continue in the short and medium term if the current momentum continues.
Technical Trading Indicators Analysis
- MACD Indicator: The MACD indicator indicates the emergence of a positive trend, as the fast line has started to move above the slow line, reflecting a shift towards upward momentum. This indicates that the market may witness further upward movement in the near future if this positive trend continues.
- Analysis using moving averages: Trading the index above the main moving averages enhances positivity and reflects a state of buying pressure in the market, which supports the continuation of the upward movement in the coming period.
Economic effects
There is currently no specific economic data that may significantly affect the index.
but the general trend in the financial markets may continue to affect Nasdaq.
with expectations indicating market stability or the possibility of more optimism in some technological sectors.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 21746 | 21554 |
| Target Point 1 (TP1) | First resistance: 21842 | First support: 21482 |
| Target Point 2 (TP2) | Second resistance: 21910 | Second support: 21420 |
| Stop Loss (SL) | 21554 | 21746 |
The Nasdaq is showing a strong uptrend, supported by prices trading above the moving averages and a positive signal from the MACD indicator. These factors support the possibility of the uptrend continuing in the near future, with the opportunity to achieve further gains if the positive momentum in the markets continues.
