Nasdaq 100 index dips amid rising selling pressure

Nasdaq 100 index dips amid rising selling pressure
Nasdaq 100 slides 1.52% today

Nasdaq 100 Index (NASDAQ 100) is currently trading at 23,795.24, down 1.52% on the day. The index remains well below its 20-day, 50-day, and 200-day moving averages, reflecting ongoing seller dominance and sustained downward momentum.

NDX price prediction
24H -1.14%
30152.36
48H -0.73%
30278.96
7D -0.21%
30437.34
1M 9.2%
33305.97
3M 18.21%
36055.23
6M 28.74%
39264.86
12M 34.43%
41002.28
Current price: $ 30500.13 -71.1130 0.23%
Real-time Data 15:23
Daily range 30094.63 Arrow from to Icon 30540.66
Weekly range 30213.38 Arrow from to Icon 30762.20
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Highlights

  • Nasdaq 100 is trading well below major moving averages, indicating persistent bearish pressure across multiple timeframes.
  • Momentum and oscillator signals remain firmly negative, with clear signs of oversold conditions and sellers dominating short-term moves.
  • Projected range for the coming week is 23,561.10 to 24,146.45, with downside scenarios favored over potential bullish breakouts.

Anton Kharitonov, expert at Traders Union, notes that Nasdaq 100 remains under heavy seller control, trading below all key moving averages. He observes technical weakness across momentum and oscillator readings, with no visible relief from recent selling pressure. Absence of fresh news keeps sentiment subdued and adds to the lack of buyer conviction. Kharitonov finds the risk of further downside elevated, as even short-term support levels may not offer stability. "Current signals suggest caution, as downside continuation is the base case until clear reversal markers emerge."

Viktoras Karapetjanc, expert at Traders Union, views the recent dip as an opportunity for constructive positioning. He highlights that, despite technical oversold conditions, the longer-term bullish structure may still hold above critical support. Karapetjanc sees the absence of negative macro or regulatory headlines as a positive factor, keeping room for renewed demand. He emphasizes that the projected range offers multiple setups for proactive traders. "I believe further growth is possible once momentum stabilizes and buyers step back in."

Bearish momentum prevails as technical signals confirm sustained selling

Nasdaq 100 is trading well below its 20-day (24,636.78), 50-day (25,012.12), and 200-day (24,395.77) moving averages, indicating persistent pressure from sellers in the short and medium term with long-term support now overhead. The nearest dynamic resistance is found at the Ichimoku Kijun level near 24,556.88. Momentum remains to the downside, with both the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) signaling bearish pressure. The Relative Strength Index (RSI), Stochastic RSI, and Commodity Channel Index (CCI) all reflect oversold or selling territory, while Bull/Bear Power (BBP) confirms sellers dominate intraday momentum with a strong oversold reading. The Awesome Oscillator also supports the prevailing downtrend. The index is trading down 1.52% from the previous close, having opened with a downside gap of approximately 264 points and now fluctuating near the session’s lows. Intraday volatility stands at 0.98%, reflecting continued selling pressure after the open. Momentum and oscillator signals broadly confirm the bearish intraday tone.

Earlier, analysts noted that the Nasdaq 100 faced entrenched seller pressure and persistent downside momentum across technical indicators. The current market environment reinforces this bearish outlook, with selling pressure expected to keep the index in a volatile consolidation phase where traders should closely monitor for a potential downside acceleration if support near $23,561 is breached in the coming sessions.

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.
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