NAS100 NDX Technical Analysis: Uptrend

NAS100 NDX Technical Analysis: The Nasdaq Index is trading in an uptrend today, recording its highest price so far at 21809.44 and its lowest price at 21606.73, and is currently trading at 21784.77. This trend reflects the continued upward momentum in the market, which shows investors’ preference for buying and supports the positive trend.

NAS100 NDX Technical Analysis Price and Trading Analysis:

The index is recording strong upward movements and continues to trade above the major moving averages, which reinforces the positive outlook for the uptrend. This situation indicates the strength of the buying momentum in the market and the possibility of the uptrend continuing in the near term, with the possibility of testing new resistance levels if the market’s preference for buying continues.

Technical Analysis

Moving Averages: The Nasdaq Index prices continue to trade above the major moving averages such as the 50- and 200-day simple moving averages.

which reinforces the bullish outlook for the index. This indicates that the uptrend is in control and that there is potential for further gains in the near future, as long as trading continues above these averages.

MACD Indicator: The MACD indicator is indicating a positive trend.

as the gap between the MACD line and the signal line is increasing, reflecting strong upward momentum. This signal confirms that the uptrend has strong support from the indicator.

which reinforces expectations of continued gains in the short term.

Forward Outlook:

The Nasdaq is expected to continue its upward movement if trading continues above the moving averages. If the buying momentum continues, we may see the index testing new resistance levels such as 21900 or 22000. The movements of the MACD indicator and the performance of the moving averages should be monitored for additional signals regarding the continuation of the trend.

NAS100 NDX Technical Analysis

Trading strategies levels on Buy/Sell level

ND100 In case of buying in case of selling
Entry point 21872.79 21625.74
Target Point 1 (TP1) First resistance: 22005.82 First support: 21543.38
Target Point 2 (TP2) Second resistance: 22065.20 Second support: 21500.00
Stop Loss (SL) 21625.74 21872.79

 

The uptrend seems to be dominating the Nasdaq in the near term. Traders prefer to watch key support levels such as 21700 and 21600.

in addition to following the signals of the MACD indicator and moving averages that support the positive outlook for the uptrend.

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