Ahead of tomorrow's session Nasdaq is trading around 15,044 after losing 0.91% Friday
(Last update 2:51am EST, September 19, 2021)
The Nasdaq Friday at a glance – NASDAQ dropped 137.96 points early on and stayed at 15,044 range.
Important graph levels to look out for: next closest resistance is at 15,374, while the nearest support level is at 14,526. In terms of trend indicators, we can see that the MACD line is below the MACD signal line significantly, meaning medium-term trend might turn positive. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 14,900 – a low enough level to usually suggest the Nasdaq is trading below its value. On the other hand note that at 15,100, the Nasdaq made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend.
Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions it seems the Nasdaq might reverse course and start pointing upward in the short term.