NAS100 NDX Technical Analysis: Today, the Nasdaq Index is trading in an upward trend, as it recorded its highest price at 21014 and its lowest price at 20859. Currently, the index is trading at the level of 20905. The market is generally showing upward momentum, as prices continue to trade above the major moving averages, indicating continued purchasing power.
NAS100 NDX Technical Analysis: Technical Analysis
- Moving Averages:
The Nasdaq Index is trading above the major moving averages, which supports the upward trend in the market. Trading prices above these averages indicates that the general trend is still upward, which enhances the possibility of continuing the upward momentum in the coming period.
- MACD Indicator:
The MACD Indicator shows a positive trend, with the two lines crossing in the positive zone, indicating the strength of the purchasing momentum in the market. This signal reinforces the optimistic view regarding the continuation of the uptrend, as the MACD indicates support for the current upward momentum.
Today’s Outlook
Based on the current data, the Nasdaq is expected to continue its upward movements, especially if it continues to trade above the support level of 20850. If the index manages to break the level of 21020, it may open the way for further gains towards the level of 21150 or even 21200 in the near term.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 20971 | 20853 |
| Target Point 1 (TP1) | First resistance: 21044 | First support: 20807 |
| Target Point 2 (TP2) | Second resistance: 21100 | Second support: 20750 |
| Stop Loss (SL) | 20853 | 20971 |
With the moving averages trading above and the MACD trend positive, the Nasdaq appears to be in a strong position to support the uptrend in the near future. Continuation of the bullish momentum depends on maintaining current levels and holding above key support. Therefore, we are likely to see further gains if these positive signals continue.
