NAS100 (NAS100) Fluctuates Above Level 14000, Uptrend Likely

NAS100 (NAS100) Fluctuates Above Level 14000, Uptrend Likely

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 is in an upward move. Buyers have broken above the resistance above level 14,000. The upward move is currently facing resistance at level 14100. Meanwhile, on April 16 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extension or level 14955.35. From the price action, the market is approaching the high of level 14100.

NAS100 -Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 61 of the RSI period 14. It implies that the index is in the uptrend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. NAS100 is facing resistance at level 14100. The bulls were repelled twice as price fell to the low above level 13900. Today, the bulls have broken the resistance as the market resumes upward.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is above the 40% range of the daily stochastic. It indicates that the index is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an upward move. The bulls are still facing resistance at level 14100 as the index resumes a downward move. According to the Fibonacci tool analysis, NAS100 will reach the high of level 14955.35.


You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

NAS100 (NAS100) Reaches the Overbought Region, Targets Level 14460

NAS100 (NAS100) Reaches the Overbought Region, Targets Level 14460

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 is in an upward move and it is approaching level 14000. Buyers are yet to break above level 14000. Meanwhile, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.272 Fibonacci extension and reverse. That is the high of level 14460.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 64 of the RSI period 14. It implies that the index is in the uptrend zone and it is approaching the overbought region of the market. The index has no enough room to rally on the upside. The 50-day SMA and the 21-day SMA are sloping horizontally indicating the sideways move.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. Meanwhile, on June 10 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the index will rise to level 1.618 Fibonacci extension or level 14102.92.

NAS100 – 4 Hour Chart

1-hour Chart Indicators Reading
NASDAQ 100 is above the 80% range of the daily stochastic. It indicates that the index is in a bullish momentum and has reached the overbought region of the market. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an upward move. The index is trading and has reached an overbought region of the market. According to the Fibonacci tool, NAS100 is likely to rise to level 1.272 Fibonacci extension but will reverse at level 14460.


You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

NAS100 (NAS100) Is in a Range Bound Move, Lacks Buyers at Higher Price Levels

NAS100 (NAS100) Is in a Range Bound Move, Lacks Buyers at Higher Price Levels

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 is in an upward move. Today, buyers are struggling to break above level 14000. Since February, the bulls are yet to break the resistance at level 14000. Each time, the resistance zone is tested, the market will decline to level 13000 or 12450. The index price has broken above the moving averages suggesting a possible retest at the previous high.

NAS 100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 58 of the RSI period 14. It implies that the index is in the uptrend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping horizontally indicating the sideways move. The index price is above the moving averages which indicate a further upward move.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move approaching the overbought region. Meanwhile, on June 4 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the index will rise and reverse at level 1.272 Fibonacci extension or level 13853.26.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. It indicates that the index is in a bullish momentum and has reached the overbought region of the market. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an upward move. The index is trading below the overhead resistance at level 14000. Today, the index is facing resistance at level 13800. The selling pressure will resume as the index reaches an overbought region

You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

NASDAQ100 (NAS100) Fluctuates between Levels 13000 and 14000, Faces Resistance at Level 13800

NASDAQ100 (NAS100) Fluctuates between Levels 13000 and 14000, Faces Resistance at Level 13800

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 is in an upward move. The index has been facing rejection at level 14000. The current upward move is facing resistance level 13800. In the previous price action, the bulls were resisted twice at the resistance of 14000. The index slumped to level 13000 and resumed an upward move. The index price has broken above the moving averages suggesting a further upward move.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 55 of the Relative Strength Index period 14. It indicates that the index is in the uptrend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping horizontally indicating the sideways move. The index price is above the moving averages which indicates a further upward move.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. Meanwhile, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the index will rise to level 1.618 Fibonacci extension or level 13959.03.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is below the 80% range of the daily stochastic. It indicates that the index is in a bearish momentum. This is contrary to the price action as price is moving upward. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an upward move. The uptrend is facing resistance below level 13800. Since February, the market has been facing resistance at level 14000. The current uptrend will resume if the resistance is breached.


You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

NASDAQ 100 (100) Resumes Upward after a Bearish Double Top Formation

NASDAQ 100 (100) Resumes Upward after a Bearish Double Top Formation

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
Since February, NAS100 has been in a sideways move. The upward move is facing rejection at level 14000. On April 16 and 26, the bulls tested the resistance at level 14000 and were repelled. A bearish double top pattern was formed which caused the index to decline to level 13000. Today, the index has resumed a fresh uptrend. A retest at level 14000 is likely.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 49 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 50-day SMA and the 21-day SMA are sloping horizontally indicating the sideways move. The index price is below the SMAs which indicates a possible fall.

NASDAQ 100 (NAS100) Medium-term Trend: Ranging
On the 4- hour chart, the index is still in a sideways move. Today, the index is falling after testing the level 13600 resistance zone. Meanwhile, on May 16 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the index will reach level 1.618 Fibonacci extension or the high of 13756.51.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is below the 80% range of the daily stochastic. It indicates that the index is in a bearish momentum. The stochastic bands are sloping upward indicating a possible upward move.

General Outlook for NASDAQ 100 (NAS100)
For the past three months, the NAS100 index has been trading below level 14,000. The bulls are yet to break the resistance at level 14000. Presently, the index is rising on the upside. If price breaks above the moving averages, NAS100 will resume upward move.

You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

NASDAQ 100 (NAS100) Falls to Level 12900, Resumes Up trending

NASDAQ 100 (NAS100) Falls to Level 12900, Resumes Up trending

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NASDAQ 100 slumps to level 13000 low and resumed a fresh uptrend. The index has broken above the moving averages indicating a possible rise in prices. The upward move has been facing resistance at level 14000. If the current bullish momentum is sustained the index will retest level 14000.

NAS 100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 47 of the Relative Strength Index period 14. It indicates that the index is in the downtrend zone and capable of rising on the upside. The 50-day SMA and the 21-day SMA are sloping horizontally indicating the sideways move.

NASDAQ 100 (NAS100) Medium-term Trend: Ranging
On the 4- hour chart, the index fell to the low of level 12900 and found support above it. The Fibonacci tool has indicated an upward movement of the index. Meanwhile, on May 13 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. This retracement indicates that the market will reach the high of level 2.618 Fibonacci extension or the high of 13673.53.

NAS100 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. It indicates that the index has reached the overbought region of the market. The stochastic bands are sloping downward indicating a possible downward move. The moving averages are sloping downward.

General Outlook for NASDAQ 100 (NAS100)
NAS100 index has resumed an upward move after the recent downtrend. The index is approaching the overbought region of the market. The upward move is doubtful as the market reaches overbought region.

You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

NASDAQ 100 (NAS100) is in a Downward Correction, Faces Rejection at Level 14000

NASDAQ 100 (NAS100) is in a Downward Correction, Faces Rejection at Level 14000

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NASDAQ 100 has fallen to level 13500 as bears continue to threaten to short. In April, the bulls faced rejection at level 14000 as the index resumed downward. In February, the index faces similar rejection as the market declined to level 12250. Meanwhile, on April 19, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the market will rise to level 1.618 extension or the high of level 14973.97.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 50 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 50-day SMA and the 21-day SMA are sloping horizontally indicating the sideways move below level 14000.

NASDAQ 100 (NAS100) Medium-term Trend: Ranging
On the 4- hour chart, the index is in a sideways trend. Presently, NAS100 is falling after rejection from the high of level 13800. The selling pressure may extend to the low of level 13400. On the other hand, if price finds support above the 21-day SMA, the bullish momentum will resume.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NAS100 is above the 80% range of the daily stochastic. It indicates that the index has reached the overbought region of the market. The stochastic bands are sloping downward indicating a possible downward move. The moving averages are sloping downward.

General Outlook for NASDAQ 100 (NAS100)
NAS100 index is falling after rejection at level 13800 as price reaches the low of level 13662.20. The upward move will resume if price breaks above level 13900. The current selling pressure may extend to level 13600.


You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

NASDAQ 100 (NAS100) Is Trading Marginally, Targets Level 14400

NASDAQ 100 (NAS100) Is Trading Marginally, Targets Level 14400

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
The index has been facing rejection at level 14100 since February 15. On April 19, the NAS100 was resisted as price dropped to level 13800 and resumed consolidation. On April 16, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the market will rise to level 1.272 extension and reverse.

NAS100 -Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 56 of the Relative Strength Index period 14. This indicates that the index is in the uptrend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend. The index has a bullish crossover. The 21-day SMA crosses above the 50-day SMA which gives a buy signal.

NASDAQ 100 (NAS100) Medium-term Trend: Ranging
On the 4- hour chart, the index is range-bound below level 14050 overhead resistance. On April 23 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the market will rise to level 1.272 Fibonacci extension or level 14436.90.

NAS100 – 4 Hour Chart



4-hour Chart Indicators Reading
NAS100 is below the 30% range of the daily stochastic. It indicates that the index is approaching the oversold region of the market. Meanwhile, the moving averages are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 index is range-bound below level 14050 since February 15. The uptrend has been stalled below the overhead resistance. The index price is expected to rise to level 14400 before reversal. The Fibonacci tool has indicated reversal at level 14400.




You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

NASDAQ 100 (NAS100) Rises On The Upside, May Face Rejection At The Overbought Region

NASDAQ 100 (NAS100) Rises On The Upside, May Face Rejection At The Overbought Region

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 index has been facing rejection at level 14100 since February 15. On April 19, the NAS100 was resisted as price dropped to level 13800 and resumed consolidation. On April 19, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the market will rise to level 1.272 extension and reverse .

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 59 of the Relative Strength Index period 14. This indicates that the index is in the uptrend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend. The index has a bullish crossover. The 21-day SMA crosses above the 50-day SMA which gives a buy signal.

NASDAQ 100 (NAS100) Medium-term Trend: Ranging
On the 4- hour chart, the index is range-bound below level 14100 overhead resistance. On April 23 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the market will rise to level 1.272 Fibonacci extension or level 14436.90.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. It indicates that the index is in a bullish momentum. The market has reached an overbought region of the market. Meanwhile, the moving averages are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 index is range-bound below level 14100 since February 15. The upward move has been interrupted below the overhead resistance. The index price is likely to fall on the downsize. The Fibonacci tool has indicated reversal at level 14400.

You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

NASDAQ 100 (NAS100) Is In An Upward Move, Struggles Below Level 14040.00

NASDAQ 100 (NAS100) Is In An Upward Move, Struggles Below Level 14040.00

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 index has continued the upward move. On April 12 the bulls broke the resistance level which has been holding since February 15. The index price pulled back to retest the resistance, now support before continuing upward move. Buyers are yet to break the overhead resistance convincingly. NAS100 index is trading at 14045.53 at the time of writing.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 67 of the Relative Strength Index period 14. This indicates that the index has no room to rally on the upside. Also, the market is approaching the overbought region as sellers may emerge. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in a sideways move below level 14040. On April 15 uptrend, the index was resisted at level 14045.00. A retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the market will rise to level 1.272 Fibonacci extension or level 14121.75.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 60% range of the daily stochastic. It indicates that the index is in a bullish momentum. Meanwhile, the moving averages are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
NAS100 index is struggling to break above the overhead resistance at level 14040.00. The uptrend will resume if the overhead resistance is breached. Presently, index price is fluctuating below and above the level 14040.00

You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.