NAS100 NDX Technical Analysis: The Nasdaq Index is trading in an uptrend today, as it rose from its lowest price today at $20,231 to its highest price at $20,521, and is currently trading at $20,471.
NAS100 NDX Technical Analysis: Technical Analysis
Looking at the chart, we notice that prices are trading above the moving averages, reflecting strong support for the uptrend. The MACD indicator also shows strength in buying demand, indicating continued positive momentum.
Strengths and weaknesses in the analysis:
- Strengths:
Trading above the moving averages reflects strong positive momentum.
The strength of the MACD indicator indicates traders’ interest in buying.
- Weaknesses:
In the event of any negative signals or unfavorable news, the market may be subject to a correction.
Any decline in momentum may lead to a test of support levels.
Outlook:
The uptrend is expected to continue during the day, with the possibility of reaching new resistance levels. Traders are advised to watch for any signals that may indicate a trend change or a possible correction.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 20535 | 20361 |
| Target Point 1 (TP1) | First resistance: 20624 | First support: 20294 |
| Target Point 2 (TP2) | Second resistance: 20692 | Second support: 20220 |
| Stop Loss (SL) | 20361 | 20535 |
The analysis supports the current upward trend, but investors should carefully follow market developments, as new opportunities or changes in trend may appear.
