NAS100 NDX Technical Analysis: The Nasdaq Index is trading in an uptrend today, recording the highest trading price so far at 21517.75 and the lowest price at 21325.78. The index is currently trading at 21452.48, reflecting the continuation of the positive momentum in the market. This indicates the possibility of continuing the upward movement in the short term.
NAS100 NDX Technical Analysis: Technical Analysis
We notice that prices are trading above the moving averages indicators, indicating the continuation of the upward trend. Trading above these averages enhances the chances of continuing the positive momentum and reflects a state of driving force for the market.
MACD Indicator: The MACD indicator indicates a positive trend, as it settles in the positive zone. This positive crossover enhances the possibility of continuing the upward trend in the coming period, indicating strength in the upward momentum and enhancing expectations of further increases in the near future.
Outlook:
The Nasdaq is expected to continue moving higher if it continues to trade above the moving averages. We may see further gains towards higher resistance levels if the positive momentum continues. On the other hand, any decline below the major support levels may indicate a temporary correction or a sideways movement.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 21512.70 | 21325.78 |
| Target Point 1 (TP1) | First resistance: 21593.53 | First support: 21260.10 |
| Target Point 2 (TP2) | Second resistance: 21650.00 | Second support: 21600.20 |
| Stop Loss (SL) | 21325.78 | 21512.70 |
The overall trend of the Nasdaq indicates a continuation of the upward movement, supported by positive signals from the moving averages and the MACD. It is important to monitor support and resistance levels to adjust trading strategies according to the current momentum, while considering opportunities that may arise if prices continue to rise.
