The Hourly View for NDX
Last Updated November 23, 2020, 02:019 GMT
At the time of this writing, NDX’s price is down -20.56 (-0.17%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as NDX has now gone down 8 of the past 10 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on NDX; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Nasdaq 100 Daily Price Recap
The choppiness in the recent daily price action of Nasdaq 100 continues; to start today, it came in at a price of 11906.4414 US dollars, down 0.66% (78.99) since yesterday. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 12th for the day in terms of price change relative to yesterday. The daily price chart of Nasdaq 100 below illustrates.
Nasdaq 100 Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Nasdaq 100’s price has gone down 6 them.