Nasdaq acquires Dasseti to boost eVestment AI tools, stock trades up

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Nasdaq up 1.13% today at $91.93

Highlights

NDAQ sustains robust bullish momentum, trading above key moving averages in a positive short-to-long-term trend.
Momentum indicators remain bullish but signal early signs of overbought conditions, leaving near-term trend strength modest but favoring buyers.
Expected price range is $88.00 to $95.00 for the week, with breakout above $95.00 targeting yearly highs and downside risk below $88.00 toward intermediate support.

Bullish positioning sustained as price holds above key moving averages

NDAQ is trading at $91.93, comfortably above the SMA-20 ($85.96), SMA-50 ($87.63), and SMA-200 ($89.06), confirming bullish momentum across short-, medium-, and long-term trends. The Ichimoku Kijun level sits at $85.91 and acts as immediate support beneath the current price. Near-term support lies at $89.06 (SMA-200), followed by key support at $87.63 (SMA-50). Immediate resistance is set at $93.12 (today's open and session high zone), with key resistance emerging near $101.79 (52-week high proximity).

Buyer momentum slows as overbought readings follow recent gains

Momentum signals on D1 are broadly bullish. The MACD shows a "Buy" direction, while ADX is neutral, indicating trend strength is modest but positive. RSI (57.32) and CCI (80.69) are both in bullish territory, though Stoch RSI and BBP flag early overbought conditions, suggesting buyer dominance may be stretched in the near term. The Awesome Oscillator supports the uptrend. In today's session, the stock has risen 1.13%, and on the week, NDAQ is up $0.29 (0.22%) from a previous close of $91.64, with current pricing in the middle of the weekly range and volatility standing at 5.47%. The weekly tone shows consolidation following a recovery from the recent low.

Range-bound outlook persists as upside and downside risks converge

Looking ahead, the expected price corridor for the coming week is $88.00 to $95.00, reflecting NDAQ’s tendency to trade well off its 52-week low ($76.55) but below its annual high ($101.79). The probability of price increase is moderate (50%). The probability of further decline is therefore about equally likely, with neither scenario decisively favored. Baseline scenario: price remains sideways between $88.00 and $95.00 on consolidation. Bullish scenario: a clear move above $95.00 would open scope toward yearly highs. Bearish scenario: a drop below $88.00 would risk a test of intermediate supports near $87.63 and $85.96.

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Previously it was reported that Nasdaq delivered broad-based growth in the second quarter, driven by strong demand across its exchange, technology, and market services divisions. As market conditions continue to evolve, investors should closely monitor Nasdaq’s ability to sustain recurring revenue momentum—particularly as sector rotation and macro volatility present both upside and downside risks in the sessions ahead.

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