QQQ Stock – Nasdaq 100 (NDX) Up 0.83%, in a Downtrend Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart
The Hourly View for NDX
Last Updated May 14, 2021, 01:014 GMT
At the time of this writing, NDX’s price is down -3.92 (-0.03%) from the hour prior. The hourly chart shows that NDX has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. price action traders may also wish to note that we see a pin bar candlestick pattern on NDX. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Nasdaq 100 Daily price Recap
Nasdaq 100 is up 0.83% (107.51) since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 4th for the day in terms of price change relative to yesterday. Here is a daily price chart of Nasdaq 100.
Nasdaq 100 Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 15 out of the past 30 days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!
Overheard on Twitter
Behold! Here are the top tweets related to Nasdaq 100:
- From Ajay_Bagga:
Stocks slid in Japan and South Korea but were steady in Hong Kong and China. U.S. contracts slipped after the S&P 500 declined for a second day following a record high Friday. Dip buyers helped the tech-heavy Nasdaq 100 erase a loss of almost 2% to finish little changed.
- From ZorTrades:
- From wheeliedealer:
Nasdaq 100 Long Tails Doji but combined with yesterday’s Candle could be Bullish. 12967 must hold as Support. RSI 40 lowish but can go loads lower. 13/21 day EMAs Bearish. Danger it could go Sideways and be a ‘Ledge’ that then breaks down.
As for a news story related to Nasdaq 100 getting some buzz: