NAS100 NDX Technical Analysis: The Nasdaq is moving in a downward direction today, showing a significant decline from its high of 19,738.21 to its low of 19,494.50. The index is currently trading around 19,526.89, reflecting strong selling pressure and a dominant downtrend throughout the session.
NAS100 NDX Technical Analysis: Price Analysis
The index recorded its highest trading price today at 19,738.21, while its lowest price reached 19,494.50. This wide range indicates strong market volatility, with prices heading towards testing key support levels. Current trading around 19,526.89 reflects the index’s attempt to stabilize after a sharp decline, but selling pressure remains dominant. Technical Analysis:
- Moving Averages: Trading below the moving averages is a strong negative signal, supporting the possibility of a continuation of the downtrend. This indicates that the overall market momentum favors sellers.
- MACD: The MACD is showing a negative signal, reflecting continued selling pressure and a dominant downtrend. This reinforces the possibility of a continued decline in the short term.
Trading Expectations:
In the short term, the index is expected to continue its downward trend, with the possibility of testing the nearby support level at 19459.68. If this level is broken, the index could move towards 19376.99 as a target. Conversely, if the index returns to the upside, the 19633.76 level will constitute key resistance, followed by 19694.69. Traders are advised to monitor momentum indicators such as the MACD and moving averages to confirm any change in trend.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 19633.76 | 19459.68 |
| Target Point 1 (TP1) | First resistance: 19694.69 | First support: 19376.99 |
| Target Point 2 (TP2) | Second resistance: 19730.20 | Second support: 19320.12 |
| Stop Loss (SL) | 19459.68 | 19633.76 |
The Nasdaq Composite Index is showing a clear downtrend today, supported by prices trading below the moving averages and negative MACD signals. Traders are advised to exercise caution and adopt a sell-on strategy with careful risk management, especially amid ongoing selling pressure. Nearby support levels at 19,459.68 and 19,376.99 could be key milestones for the index’s movement in the coming period.
