Nasdaq is trading at 14,030, down by 0.92% as session closes
(Last update 4:56pm EST, June 19, 2021)
Nasdaq yesterday at a glance – NASDAQ remained in the 14,030 range after starting the session at 14,161 and dropping 130.98 points.
Meanwhile, Released yesterday at 5:00 PM, United States's U.S. Baker Hughes Oil Rig Count showed an uptick coming in at 373, up from the previous number of 365. United States U.S. Baker Hughes Total Rig Count released yesterday at 5:00 PM with a figure of 470, this is better from previous number of 461.
Nasdaq's graph levels to watch: Nasdaq nearest support level is at 13,032. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning medium-term trend might turn negative. Asset volatility analysis shows that the upper Bollinger band at 14,262, indicating a further downward move might be next. In contrast although down today, it's worth noting that in earlier trading the Nasdaq peaked above the 14,100, usually an indication that a positive move is maybe ahead.
Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions it seems further drawback may be next for Nasdaq.