NASDAQ (NASDAQ.NDX)

Close: 13 259.00 (+20.62), Jun 9, 2023
Positive

Automatic technical analysis. Medium term, Jun 9, 2023

NASDAQ is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The price has risen strongly since the positive signal from the double bottom formation at the break through resistance at 11482. The objective at 12697 is now met, but the formation still gives a signal in the same direction. The index has broken up through resistance at points 13100. This predicts a further rise. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for NASDAQ. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 92)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.42%0.00+0.16%
5 days0.004.58%0.00+0.14%
22 days0.0011.49%0.00+8.86%
66 days0.0021.81%0.00+14.99%

More analyses of NASDAQ

chart NASDAQ (NASDAQ) Candlesticks 22 Days
Candlesticks
chart NASDAQ (NASDAQ) Short term
Short term: Hold
chart NASDAQ (NASDAQ) Medium term
Medium term: Positive
chart NASDAQ (NASDAQ) Long term
Long term: Positive
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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