Nasdaq stock drops 1.94% as fraud summit calls for global anti-scam collaboration

Traders Union
All News
Companies
Nasdaq slides 1.94% today

Highlights

Nasdaq (NDAQ) remains under persistent bearish pressure, trading below all major moving averages and key resistance at 84.64.
Momentum indicators signal oversold conditions and strong seller dominance, with a continued downside bias confirmed by weekly declines.
The forecasted trading range for the coming week is $80.00–$86.00, with elevated risk of further downside if support at $80.00 breaks.

Nasdaq (NDAQ) is trading well below its key moving averages, with the current price of $82.16 sitting under the SMA-20 at $86.41, SMA-50 at $88.48, and SMA-200 at $90.60, indicating persistent downward pressure in short-, medium-, and long-term trends. The Ichimoku Kijun level at $84.64 is above the current price and should be regarded as immediate resistance; near-term support is clustered around the SMA-20 at $86.41 and key support lies at the SMA-100 of $90.26, while immediate resistance is set by the Kijun at $84.64 and key resistance by the SMA-50 at $88.48.

Momentum indicators on D1 confirm broad bearish conditions, with MACD and ADX both signaling sell and suggesting continued downside momentum. RSI at 40.81, Stoch RSI at 1.56, and CCI at –128.88 all point to oversold conditions, supported by BBP in deep negative territory and reflecting dominant seller pressure in the intraday context. In today's session, NDAQ is down 1.94% from the previous close, accelerating the weekly slide. Over the past week the stock has fallen $4.20 (4.73%), slipping from a previous weekly close of $86.36 to the current level and now sits at the very bottom of its weekly range. Weekly volatility stands at 5.09%. The tone for the week reflects a steady decline from the high, in line with momentum signals and confirmed by the current proximity to weekly support.

Looking ahead, the projected price range for the coming week is $80.00 to $86.00, which keeps the forecast realistic and well within 10% of the current price. This range is near the middle of the 52-week span between $64.84 and $101.79. Based on W1 momentum indicators, the probability of a price increase is very low (less than 20%), making further downside more likely. The baseline scenario is sideways trade between $80.00 and $86.00 as the stock consolidates at the lower end of its recent range. A bullish scenario would require a firm break above $84.64 and a close above the upper band near $86.00, which could trigger a move toward higher resistance levels. The bearish case unfolds if support at $80.00 is breached, which could expose the stock to further declines toward long-term supports seen in the yearly context.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Earlier, analysts noted that renewed geopolitical tensions and rising oil prices had dampened investor optimism, leading to a decline in the Nasdaq as market participants reassessed the risks of a prolonged conflict. In light of the current article’s analysis, the prevailing scenario remains one of heightened caution, with downside risk persisting as long as uncertainty around Middle East developments and their economic impact continues.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.