Nasdaq 100 (NDX) in an Uptrend Over Past 30 Days, Price Base in Formation Over Past 14 Days; Nears 20 Day Moving Average

The Hourly View for NDX

Last Updated May 3, 2021, 02:019 GMT

At the time of this writing, Nasdaq 1000’s price is down 0 (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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 back and forth price flow continues for Nasdaq 100, which started today off at 13860.76 US dollars, down 0.78% (109.45) from yesterday. Relative to other instruments in the equity indices asset class, Nasdaq 100 ranked 9th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Nasdaq 100.


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. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Nasdaq 100’s price has gone up 7 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Nasdaq 100:

  • From johncaneroo:

    My brother is now investing in blockchain technology! So happy to teach him. We have analyzed that crypto-assets like #Bitcoin, $ETH and other altcoins… are beating the returns of other assets like stocks and the benchmarks of US Indices (S & P 500 and Nasdaq 100). 🚀

  • From forextrader755:

    Dow Jones, Nasdaq 100, S&P 500, DAX 30 Forecasts for the Week Ahead: A strong earnings season has equipped investors with fresh optimism but price action may struggle to post progress as seasonal headwinds pick up in the month of May. As a result, gains may slow.

  • From MAXyourINDEX:

    Nasdaq 100 – Daily
    Short Term: 13.800 / 14.050 pts. Bullish > 13.840 pts.
    Medium and Long Term: 13.750 / 14.050 pts.
    Short Term support 13.800 pts must hold the line to prevent correction to 13.750, 13.700, 13.600 and 13.500 pts.

  • From Adarsh_7teen:

    Sir, can you suggest me some good quality US stocks for long term. I will keep an eye on them. Or should invest directly in nasdaq 100? @vetris_stocks

  • From PriceofP:

    @JonErlichman Since 2011, Bitcoin’s cumulative gains have exceeded 20,000,000%, far outpacing the cumulative gains of the Nasdaq 100 and US Large Caps

  • From Stockdoc118:

    The Nasdaq 100 made a new high over the past few weeks, but the NASDAQ 100 Tech index did not.

  • From 5131b69341dc4dc:

    Sir please give me your expert opinion regarding MOTILAL OSWAL NASDAQ 100 ETF

As for a news story related to Nasdaq 100 getting some buzz:

Nasdaq 100 Forecast: New Record High Eyed as Bullish “Head & Shoulders” Pattern Develops

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