Analysis of NASDAQ 100 index Analysis of the NASDAQ 100 based on moving averages (MA) reveals a predominantly bullish sentiment in the short to long term.
Current Trend: The NASDAQ 100 is currently in a short-term rising trend, indicating positive market sentiment and increasing buying interest.
Key Observations:
Support: The index has support at approximately 21100 points.
Momentum: Strong positive momentum is present, with the RSI currently above 70, suggesting overbought conditions.
Resistance: There is no clear resistance in the price chart, indicating potential for further upside.
Technical Indicators:
Prediction for Next Week:
Despite overbought conditions, the NASDAQ 100 is expected to maintain its upward trajectory in the next week. However, traders should be cautious of a potential short-term correction due to the high RSI.
Disclaimer: This is a concise technical analysis report for informational purposes only and should not be considered financial advice.
