Nasdaq 100 (NDX) Up 1.3%; in an Uptrend Over Past 30 Days

The Hourly View for NDX

Last Updated April 26, 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 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 13941.4424 US dollars, up 1.3% (179.08) since the day prior. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 2nd for the day in terms of price change relative to the day prior. The daily price chart of Nasdaq 100 below illustrates.


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. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Nasdaq 100 for the past day were:

  • From DavidTaggart:

    if you were to create a NASDAQ 100 AD line or something like that you might see night and day different charts but the NAS AD line has always been more of a downtrending thing than anything else.Why? NASDAQ lets a ton of shitcos list with their looser listing requirements

  • From takede3:

    @MasaSonCap @koyama802 @88split Is SOXL the Princess Peach, which has been gaining popularity lately?
    The market conditions for the last five years have been stronger than the Nasdaq 100, and it seems that expectations for SOXL are the highest even when imagining the future of AI in the future.😍😍

  • From itsfroggydaddy:

    29.67 % of NASDAQ 100 stocks are trending up. Target >=28%. Trend Strength 3.76 Target: >=3.5. Avg distance from support 2.43 % Target >=2% Nasdaq 100 is a buy!! Current trend since – 2021-04-08 $QQQ $SPY $DIA $AAPL $AMZN $TSLA #growthstocks #technicalanalysis

  • From FilipinAnswers:

    @fuckalota @safemoon I can t buy … Am stuck .. I am just waiting for Monday market hoping Nasdaq 100 goes down to 13700 so I can close my short . I am so tired . Otherwise it’s a big loss.

  • From takede3:

    @MasaSonCap @koyama802 @88split TQQQ is Mario.It is a major ETF because it allows diversified investment of leverage in a wide range of growth techs based on Nasdaq 100.

  • From 67Dodge:

    @ellenroseman @rcarrick I agree. I would not buy the Nasdaq 100 or a house in a major market today, ha.

  • From RootofGoodBlog:

    @mygreenroad @Financeclever No, I already have exposure to the Nasdaq 100 holdings in VTSAX. No need to overweight.