NAS100 NDX Technical Analysis: The Nasdaq Index is trading today (January 24, 2025) in an upward trend, as the index recorded its highest trading price so far at 21941.02 and its lowest price at 21833.67. Currently, the index is trading at 21926.31, reflecting the continuation of the upward movement.
NAS100 NDX Technical Analysis: Technical Analysis
Price movement indicates that the index is trading above the moving averages levels on different time frames.
which reflects the strength of the current upward trend. Trading above these averages indicates the stability of the market in the upward zone, and enhances expectations of continued positive momentum.
On the other hand, the MACD indicator shows positive signals as it intersects with the signal line in the upward direction, indicating the continuation of purchasing power and supporting the upward trend in the near term.
Future Analysis:
If the index continues to trade above the moving averages, it is expected to witness further rise towards higher resistance levels. The index may test the 21941.02 level again, and if it exceeds it, it may head towards new bullish levels.
However, in case of any price pullback and break of the moving averages or the MACD indicator declines below the signal line, this may indicate a possible bearish correction.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 21996.88 | 21776.48 |
| Target Point 1 (TP1) | First resistance: 22092.21 | First support: 21697.54 |
| Target Point 2 (TP2) | Second resistance: 22160.00 | Second support: 21620.50 |
| Stop Loss (SL) | 21776.48 | 21996.88 |
Technical analysis of the Nasdaq indicates a continuation of the uptrend, supported by prices trading above the moving averages and positive signals from the MACD indicator. However, any corrective moves that may occur in the future should be monitored to determine whether the uptrend will continue or a market turnaround will occur.
