NAS100 NDX Technical Analysis: The Nasdaq Index is trading in an upward trend today, as it recorded its highest trading level so far at 21525.86 points and its lowest level at 21090.96 points. At the moment, the index is trading at 21419.72 points, reflecting the continuation of the upward movement within a narrow range during the recent sessions.
NAS100 NDX Technical Analysis: Technical Analysis
Through technical analysis, it appears that the Nasdaq Index is trading above the moving averages (MA) indicators, which supports the continuation of the upward trend at the present time. This movement indicates that the general trend of the market is positive, and that there is upward momentum pushing prices towards higher levels.
As for the MACD indicator, it also reflects a positive trend, as it shows an upward intersection between the two lines, which reinforces the hypothesis of the continuation of the upward trend. This signal supports expectations of a continued rise in prices in the short term.
Forecast:
The Nasdaq is expected to continue its upward movement as long as it continues to trade above 21090. If the positive momentum continues, we may see further gains towards 21525.86 points, and possibly higher levels if the uptrend continues to dominate. Conversely, a pullback below 21000 points could signal a possible downside correction.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 21461.62 | 21273.82 |
| Target Point 1 (TP1) | First resistance: 21550.57 | First support: 21204.63 |
| Target Point 2 (TP2) | Second resistance: 21620.10 | Second support: 211640.55 |
| Stop Loss (SL) | 21273.82 | 21461.62 |
The Nasdaq appears to be continuing its upward trend, supported by prices trading above the moving averages and positive signals from the MACD. Traders should watch support levels such as 21090, as they are a crucial point that could affect the continuation of the upward movement.
