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Nasdaq 100 Technical Analysis - Nasdaq 100 Trading: 2023-03-22
Nasdaq Index Technical Analysis Summary
Above 12750
Buy Stop
Below 11450
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
| Bollinger Bands | Neutral |
Nasdaq Index Chart Analysis
Nasdaq Index Technical Analysis
On the daily timeframe, Nd100: D1 went up from the triangle and the bullish flag. It also exceeded the 200-day moving average. Several technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if Nd100: D1 rises above the last high and upper Bollinger band: 12750. This level can be used as an entry point. The initial risk limit is possible below the 200-day moving average line, Parabolic signal, the last lower fractal, and the lower Bollinger line: 11450. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (11450) without activating the order (12750), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamental Analysis of Indices - Nasdaq Index
Investors do not rule out a slowdown in the Fed's monetary policy tightening. Will Nd100 quotes continue to rise?
The next meeting of the Federal Reserve System (Fed) will be held on March 22, 2023. Most investors expect the rate to rise by 0.25% from the current level of 4.75% to 5%. Usually a high rate has a negative impact on the stock market. However, stock quotes may rise, as investors do not exclude that in the future the Fed will limit itself to a rate of 5-5.25%. Moreover, it may even be reduced at the end of this year to 4.75% -4.5% in the event of a reduction in US inflation. Recall that in February 2023, inflation in the United States was 6% y/y. Regarding the Nasdaq100 stock index, it can be noted that at the beginning of this year it rose by 15.8%. This is noticeably higher than the 3.8% increase in the SP500 index. It can be assumed that the shares of high-tech companies are in high demand among investors.
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