NAS100 NDX Technical Analysis: The Nasdaq Index is trading in an uptrend today, as it recorded its highest price so far at 21509 and its lowest price at 21441. Currently, the index is trading at 21492, reflecting positive stability within a narrow range with the possibility of continuing the upward momentum.
NAS100 NDX Technical Analysis: Technical Analysis
- Moving Averages:
o Prices are trading above the main moving average indicators. This indicates that the general upward trend continues in the short and long term, as this signal supports the possibility of resuming the upward momentum if trading continues above these averages.
- MACD Indicator:
o The MACD indicator indicates a positive trend, as it shows a bullish crossover between the MACD line and the signal line. This reinforces expectations of a continuation of the upward movement in the short term, reflecting positive momentum that could push the index towards higher levels.
Future Outlook:
Based on technical analysis, the index trading above the moving averages and the MACD indicator continuing its upward trend reinforces the expectation that the bullish momentum may continue. If the index continues to maintain these levels, we may witness a test of new resistance levels in the near term.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 21550 | 21374 |
| Target Point 1 (TP1) | First resistance: 21639 | First support: 21296 |
| Target Point 2 (TP2) | Second resistance: 21690 | Second support: 21260 |
| Stop Loss (SL) | 21374 | 21550 |
The Nasdaq is in an uptrend, with strong support from the moving averages and the MACD. The uptrend is expected to continue if the index holds above these levels.
and could target higher resistance levels if the positive momentum continues to support the upside.
