NAS100 NDX Technical Analysis: The NASDAQ Index is trading in an upward trend today, as the index recorded its highest price so far at 20992 and its lowest price at 20888, and the index is currently trading at 20990. This performance reflects the continuation of the upward momentum, and is supported by technical factors that indicate the chances of continuing the rise at the present time.
NAS100 NDX Technical Analysis: Technical Analysis
- Moving Averages:
The index is currently trading above the major moving averages, which enhances the upward trend. Prices above the simple moving average indicate the strength of the upward momentum, which enhances the chances of continuing the rise in the short term.
- MACD Indicator:
The MACD indicator indicates a positive trend, as it shows a positive divergence between the MACD line and the signal line, which enhances the strength of the upward trend. This indicates that the upward momentum is continuing and may achieve further gains if the support from technical indicators continues.
Trading Outlook:
- If the index continues to trade above 20900, it is likely to witness further rise towards resistance levels such as 21000 or 21100.
- If any decline occurs, the index is expected to find support near 20850 or 20800, but the general trend remains bullish for the time being.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 21025 | 20881 |
| Target Point 1 (TP1) | First resistance: 21087 | First support: 20837 |
| Target Point 2 (TP2) | Second resistance: 21150 | Second support: 20780 |
| Stop Loss (SL) | 20881 | 21025 |
The overall trend of the Nasdaq index shows strong upward momentum, supported by trading above the moving averages and the MACD indicator indicating a positive trend. Based on the current technical analysis.
the index is expected to continue making gains as long as prices remain above key support levels.
