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

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

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

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
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News