NAS100 NDX Technical Analysis: The Nasdaq Index is trading today at the beginning of a downtrend, as it fell from a price of $20,081 to its lowest level so far at $19,785, and the current price of the index is $19,834. The difference in prices indicates a noticeable decline in the performance of the index.
NAS100 NDX Technical Analysis Changes and Prices:
The current price movement indicates clear selling pressure, reflecting a weakness in the previous positive momentum. These movements reflect investors’ concern about the future trends of the market.
Technical Analysis:
When reviewing the moving average indicators, we notice that prices are trading below these averages, indicating the beginning of a shift in the trend towards the downside. This indicates that selling power has begun to dominate the market.
Also, the MACD indicator shows signs of the end of the positive trend, which reinforces the negative expectations for the index. This decline in purchasing power reflects more pressure on the index.
Future Outlook:
The Nasdaq is expected to continue facing downside challenges in the coming hours. Important support levels at $19,750 and $19,700 should be monitored, as a break of these levels could lead to further declines.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 19942 | 19732 |
| Target Point 1 (TP1) | First resistance: 20006 | First support: 19650 |
| Target Point 2 (TP2) | Second resistance: 20090 | Second support: 19550 |
| Stop Loss (SL) | 19732 | 19942 |
The Nasdaq currently has indicators that indicate the beginning of a downtrend, reflecting a state of anxiety in the market. Traders are advised to closely monitor price movements and follow well-thought-out trading strategies to achieve the best results.
