![]() ![]() So from a technical perspective, there is resistance now at 11474.34 (100 hour moving average and 38.2% retracement). Sellers may look to lean against that dual technical area as risk can be defined and limited. The high price today has reached 11463.38 so far. The 38.2% retracement of the move down from the February high cuts across just above that level at 11474.34. ![]() Looking at the hourly chart below, the price has moved up to test the falling 100 hour moving average at 11470.09 (blue line). Having said that, drilling down to the hourly chart below, there may be some cause for pause near current levels. However, sellers could not sustain momentum, and the sharp rebound has shifted the technical bias back to the upside off the daily chart. Move would disappoint the buyers looking for more momentum above the 200 day moving average.Ī short 24 hours ago the price action was looking very negative. The moving average is now a close risk level for buyers and sellers. In trading today, the 200 day moving average at 11401.52 has now been rebroken to the upside. Read this Term yesterday at 11148.60 (blue line in the chart above), but recovered back above that key level by the close. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. ![]() Technically, the price tumble yesterday so the index fell below its 100 day moving averageĪ moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. The move higher as the index up 4.35% from the low price yesterday. The price gapped higher from yesterday's closing level at 11188.84. Read this Term index is up around 274 points or 2.45% at 110463. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. The Nasdaq Stock Market or NASDAQ is an American stock exchange. NASDAQ index is back above its 100 and 200 day MAs ![]()
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