NAS100 NDX Technical Analysis : Uptrend

NAS100 NDX Technical Analysis: The Nasdaq Index is trading in an uptrend today, although there are some signs of weakness in this trend. The current price of the index is $20,233, and the highest price recorded today was $20,296, while the lowest price was $23,130.

NAS100 NDX Technical Analysis Technical Analysis:

Prices are trading above the moving averages, which reinforces the uptrend and reflects the current strength of the market. However, the MACD indicator shows a decline in the strength of the uptrend, indicating the possibility of volatility or correction in prices.

Today’s Trading Outlook:

Based on current data, the Nasdaq Index is expected to continue its upward path, but any signs of additional weakness that may affect the positive momentum should be monitored.

NAS100 NDX Technical Analysis

Trading strategies levels on Buy/Sell level

ND100 In case of buying in case of selling
Entry point 20289 20127
Target Point 1 (TP1) First resistance: 20368 First support: 20066
Target Point 2 (TP2) Second resistance: 20420 Second support: 20020
Stop Loss (SL) 20127 20289

 

Despite the clear upward trend, some signs of weakness make it necessary to follow the technical indicators carefully. It is advisable to evaluate the effects of upcoming economic developments on the market movement.

Related Articles