<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The Nasdaq 100 Index. price is trading at $15466.09 currently.</a> </li> 
 <li> <span>2</span> <a>NDX index gave more than 26.06% return to their investors in a year.</a> </li> 
</ul> 
<p>Nasdaq is a global platform for trading securities electronically, as well as a provider of market data, analytics, and technology solutions for the capital markets. Nasdaq runs the Nasdaq Stock Market, which is the world’s second-largest stock exchange by market value, after the New York Stock Exchange. Nasdaq also operates several other stock exchanges across the world, such as Nasdaq Nordic, Nasdaq Baltic, and Nasdaq Dubai.</p> 
<h2 class="wp-block-heading" id="strong-weekly-analysis-of-the-ndx-index-strong"><strong>Weekly Analysis of the NDX Index</strong></h2> 
<p>The Nasdaq 100 Index has risen above the 50 and 200-day moving averages in the weekly chart, showing strong bullish strength. The market is positive about NDX’s outlook. Furthermore, the weekly RSI and MACD are also supporting the bulls.</p> 
<h3 class="wp-block-heading" id="strong-ndx-index-price-technical-analysis-strong"><strong>NDX index Price Technical Analysis</strong></h3> 
<p>Nasdaq 100 Index is displaying strong bullish momentum as its price has climbed above the 50-day and 200-day moving averages. The price could initiate a new uptrend and move higher if the buyers maintain their support. Moreover, the bullish signal on the daily chart validates the positive outlook.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/i8DvWXy6es6hSxuFYIvI6ZQ3vGJQ-SSmL0DxjmqWxDjjp_x52dNS13X_WBg72bayUO6dqcAJJMdMD9P4BYlAj_Ufocr5a1brZA9eopiquiM8Tmycf8Cm-OO1Iv9zXEZ-DH0Gk77wZ_oDu7nT8KmZKQ" alt="Nasdaq 100 Index Price Analysis: Will NDX break $15930?"> 
  <figcaption class="wp-element-caption">
    Source: NDX/US DOLLAR by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>Nasdaq 100 Index price is displaying strong bullish momentum as its price has risen above the 50-day and 200-day moving averages. The price could initiate a new uptrend and move higher if the buyers maintain their support for the <a href="https://www.thecoinrepublic.com/2023/07/21/tesla-inc-tsla-stock-fell-by-9-47-elon-musk-loses-wealth/" target="_blank" rel="noopener noreferrer nofollow">stock</a>. Moreover, the bullish signal on the daily chart confirms the positive outlook.</p> 
<p>The super trend line is below the price, showing a green signal and suggesting a positive trend.</p> 
<p>The MACD line has crossed above the signal line, indicating bullish strength in the share. Currently, the MACD is at 302.06 points and the signal line is at 289.91 points, and both are above the median line in the overbought area. However, MACD is in a bullish zone but is pointing downwards&nbsp;</p> 
<p>The RSI is above the median line, reflecting a positive trend. Currently, the RSI is at 60.26 points and the 14-day SMA line is at 67.17 points, and both are above the median line in the overbought area. RSI is in a bullish zone but pointing downwards indicating that it may enter a consolidation or correction phase before resuming its upward movement.</p> 
<p>The index chart is showing some bullish signs based on the technical indicators – MACD, RSI, and super trend. These indicators imply that the Index stock is in a bullish trend and may continue to rise if the buyers support the price.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/sbsSKXA04OhLtg1ME8ath-hTTuW6nKp0qygUIITaPTLp4oML0sT8t26DWs9l7u4niTEzDjYTZbVvyDg4M9IOSFTY6g1F2TVTQt9yGCQZZo-VO-5xZ-1CChCIHLjPwCP1_xoEXpUS8KZ99TDQUo3_WA" alt="Nasdaq 100 Index Price Analysis: Will NDX break $15930?"> 
  <figcaption class="wp-element-caption">
    Source: NDX/US DOLLAR by TradingView 
  </figcaption> 
 </figure> 
</div> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Nasdaq 100 Index. is facing rejection from trendline while it is running in an ascending channel. NDX hit higher highs and surpassed the 50- and 200-day moving averages on daily and weekly time frames. The RSI, MACD, and moving averages are in positive zones but facing downwards and the super trend is all positive, signaling an uptrend. The index may face some consolidation or correction before resuming its upward movement.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels:</strong></h5> 
<p>The chart shows that the price faces strong resistance at $15931.63 and $16774.49 and strong support at $14682.47 and $14227.47 A breakout above or below these levels could signal a new trend direction.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The NDX index price prediction given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in the index is a risky task. Please consider your circumstances and risk profile before making any investment decisions.</p>

Nasdaq 100 Index Price Analysis: Will NDX break $15930?

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