Taking everything into account, NDAQ scores 6 out of 10 in our technical rating. NDAQ has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, NDAQ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 90.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 89.28, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
75.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 87.02 to 89.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.42 to 85.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @75.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 90.53 to 91.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 96.85 to 96.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NDAQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NDAQ is up. |
| ChartMill Relative Strength | 59.35 | NEUTRAL | NDAQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NDAQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NDAQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NDAQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.39 | NEUTRAL | The RSI value for NDAQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests NDAQ has a positive trend. |
| Stochastics (14,3) | 74.62 | NEUTRAL | The Stochastics value for NDAQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for NDAQ suggests low volalility. |
| Average Directional Index/ADX (14) | 18.64 | NEGATIVE | The low ADX value for NDAQ suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 91.41 | 86.78 | 4.63 (5.07%) | 19.74% |
| An entry @91.41. This is a Buy Stop order right above the resistance zone. | An exit @86.78. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.63 points, which is 5.07%. | When investing 19.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
90.22
-0.07 (-0.08%)
NASDAQ INC / NDAQ FAQ
What is the technical rating for NDAQ stock?
ChartMill assigns a technical rating of 6 / 10 to NDAQ.
What is the current trend direction of NASDAQ INC (NDAQ) stock?
The current trend direction for NASDAQ INC (NDAQ) is Bullish.
What is the RSI signal for NDAQ stock?
NASDAQ INC (NDAQ) has an RSI value of 58.3903. This indicates that the stock is currently neutral.
What is the short term momentum for NDAQ stock?
The short term momentum for NASDAQ INC (NDAQ) is positive.
What are the support and resistance levels for NASDAQ INC (NDAQ) stock?
NASDAQ INC (NDAQ) has a support level at 89.28 and a resistance level at 90.53. Check the full technical report for our detailed analysis of NDAQ support and resistance levels.