NAS100 NDX Technical Analysis is trading in a weak downward trend today, recording a high of $20,173 and a low of $19,903. This movement indicates that the pressure on the index continues, despite the lack of clear downward force.
NAS100 NDX Technical Analysis Price Analysis
The index is trading above the moving averages, indicating a weakness in the current downward trend. This situation reflects the possibility of support that could help stabilize prices or even turn to the upside.
Technical Analysis
The MACD indicator is indicating a negative trend, but with a decline in the strength of the trend. This signal indicates that there is a possibility of a decline in negative momentum, which could enhance the chances of a recovery in prices in the near term.
Trading Outlook
Based on technical and fundamental analysis, the index is expected to continue to fluctuate, with a possible rebound if economic conditions improve. Influential economic factors should be monitored, as they can lead to significant changes in the trend.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 20250 | 20051 |
| Target Point 1 (TP1) | First resistance: 20326 | First support: 19934 |
| Target Point 2 (TP2) | Second resistance: 20380 | Second support: 19850 |
| Stop Loss (SL) | 20051 | 20250 |
The Nasdaq is showing signs of a weakening downtrend as it trades above its moving averages and the MACD is showing a declining downtrend strength. Investors are advised to follow economic developments and influential news as they can significantly impact market movement.
