# NASDAQ100 Technical Analysis Recap
The NASDAQ100 index, symbolized as ^NDX, is a major stock market index comprising 100 of the largest non-financial companies listed on the NASDAQ stock exchange. It includes top technology and biotech firms, reflecting significant sectors of the economy. The index is a valuable indicator of the performance of industry-leading companies and a benchmark for tech-heavy investment portfolios.
The NASDAQ100 index is currently priced at 24,071.95, marking a modest increase of 0.33% today. This performance is closely aligned with its upper Bollinger Band at 24,077.22, suggesting that the index is approaching a potentially overbought territory. The index’s proximity to its 52-week and year-to-date high of 24,094.69, just 0.09% away, underscores this point.
The moving averages indicate a strong bullish trend, with the current price above the 20-day (23,589.19), 50-day (23,335.36), and 200-day (21,436.98) moving averages. The significant gaps between these averages and the current price, particularly the 12.29% above the 200-day moving average, reinforce the strength of the current uptrend.
The Relative Strength Index (RSI) at 65.5 does not yet signal an overbought condition (typically RSI > 70), but it is nearing that threshold, suggesting caution. The MACD at 180.52, above its signal line at 145.19, confirms the ongoing bullish momentum but also warrants monitoring for any signs of a potential reversal if it begins to converge with the signal line.
The Average True Range (ATR) of 239.82 points to a relatively high volatility in the index’s recent trading sessions, which is consistent with the narrow price range between the 3-day high and low (24,094.69 and 23,760.1, respectively).
In summary, while the NASDAQ100 shows strong bullish signals with its price above all key moving averages and near its 52-week high, the proximity to the upper Bollinger Band and a rising RSI suggest that the index might be approaching overbought conditions. Investors should watch for any potential MACD crossovers or RSI movements above 70 as indicators for a possible pullback or consolidation in the near term.
## Technical Chart
## Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 24072 |
| Today’s Change (%) | 0.33 |
| 20-day MA | 23589.2 |
| % from 20-day MA | 2.05 |
| 50-day MA | 23335.4 |
| % from 50-day MA | 3.16 |
| 200-day MA | 21437 |
| % from 200-day MA | 12.29 |
| Bollinger Upper | 24077.2 |
| % from BB Upper | -0.02 |
| Bollinger Lower | 23101.2 |
| % from BB Lower | 4.2 |
| RSI (14) | 65.5 |
| MACD | 180.52 |
| MACD Signal | 145.19 |
| 3-day High | 24094.7 |
| % from 3-day High | -0.09 |
| 3-day Low | 23760.1 |
| % from 3-day Low | 1.31 |
| 52-week High | 24094.7 |
| % from 52-week High | -0.09 |
| 52-week Low | 16542.2 |
| % from 52-week Low | 45.52 |
| YTD High | 24094.7 |
| % from YTD High | -0.09 |
| YTD Low | 16542.2 |
| % from YTD Low | 45.52 |
| ATR (14) | 239.82 |
The NASDAQ100 index exhibits a bullish technical outlook as it currently trades above its key moving averages (20-day, 50-day, and 200-day), indicating a strong upward trend. The index’s current price is slightly below the upper Bollinger Band and well above the middle and lower bands, suggesting that it is trading near the upper range of its recent volatility, but not excessively so.
The RSI at 65.5 points towards a somewhat overbought condition but is not yet at the extreme levels that typically suggest a reversal. The MACD is above its signal line and notably positive, reinforcing the bullish momentum observed in the index. The ATR of 239.82 indicates a relatively high level of recent volatility, aligning with the significant daily price movements.
Potential resistance is imminent at the 52-week and YTD high of 24094.69, which the index is approaching. Support may be found around the 20-day moving average of 23589.19 or further down at the 50-day moving average of 23335.36. Given the index’s performance and current technical indicators, market sentiment appears optimistic, though traders should watch for any signs of reversal or increased volatility.
