Nasdaq 100 (NDX) Up 0.91%; in an Uptrend Over Past 30 Days

The Hourly View for NDX

Last Updated April 22, 2021, 03:019 GMT

Currently, Nasdaq 1000’s price is up 6.04 (0.04%) from the hour prior. The hourly chart shows that Nasdaq 1000 has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Nasdaq 1000. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

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 13935.1523 US dollars, up 0.91% (125.85) since yesterday. Relative to other instruments in the equity indices asset class, Nasdaq 100 ranked 5th since yesterday in terms of percentage price change. Below is a daily price chart of Nasdaq 100.

NDX

Nasdaq 100 Technical Analysis

Volatility for Nasdaq 100 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Nasdaq 100’s price has gone up 6 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Nasdaq 100:

  • From KelvinSCWong:

    In my humble opinion, it’s rather due to short term extreme overbought conditions after SP 500, Nasdaq 100 & Dow Jones hit fresh all time high last week. Plus a bit of cautious stance due to a huge increase in analysts upgrade for US Q1 earnings (we are only in the 2nd week)

  • From JayJacobsCFA:

    You can’t spell Netflix without ETF (its true, look it up).Held in aprx 200 ETFs, ranging from Large Cap Growth, Comms, Disruptive Tech, Nasdaq 100 ex-Tech, Cloud, AI, Internet, Hedge fund Replication, Millennials, Social Sentiment, & diff ESG approaches. h/t @ETFResearchCtr

  • From d_pavlos:

    Despite the Dow, S&P 500 and Nasdaq 100 hitting new highs recently, the market doesn’t feel right. Many previous winners have suffered big losses, and there have been numerous false breakouts. The market has been changed!!!

  • From Krish15178490:

    @MrMotilalOswal Motilal being flashed on the world’s leading stock exchange is no ordinary feat and proud moment indeed.I am part of the SIP family in MO NASDAQ 100

  • From TReversals:

    @piyushchaudhry Nasdaq 100 topped as expected. 16/19th were expected Top out Days. These dates were shared about a week ago… Analysis proved to be accurate so far.

  • From KelvinSCWong:

    Overall, the medium-term uptrend remains intact on the SP 500, Nasdaq 100 & Dow Jones & big sideways for Russell 2000. Watch these key supports:
    $SPX=4060
    $NDX=13540
    $INDU=33200

In terms of news links for Nasdaq 100 here’s one to try:

Nasdaq 100 Outlook and Netflix Earnings Miss May Cast a Shadow on Hang Seng and ASX 200

Note: Low and High figures are for the trading day.