The Nasdaq 100 (UT100) last traded at 29587.88, up 1.29% on the session and marking its second consecutive higher close.

Trend and moving averages

The daily structure reads as an uptrend, with price above the 50-day average and the 50-day above the 200-day. Price sits 1.22% above the 50-day (29231.996) and 8.48% above the 200-day (27275.5319), while it is effectively level with the 20-day (29594.509) at -0.02%. The stacking of the longer averages beneath spot describes a market whose broader slope has been rising.

Momentum and volatility

The 14-day RSI reads 53.4, a neutral value in the 30-70 band. ATR over 14 days is 450.33, or 1.52% of price. Against the instrument’s own past year, that sits at the 61st percentile, so current daily ranges are moderately wider than the twelve-month median rather than at an extreme.

Price is positioned high in its yearly range. The 52-week high of 30759.85 stands 3.81% above spot and was set 72 sessions ago, while the 52-week low of 22781.94 lies 29.87% below and dates back 127 sessions. The range-position reading of 85 places price in the upper portion of that span. Nearer in, the 20-day swing high is 30242.98 and the 20-day swing low 28714.76; the 60-day swing high is 30648.35 and the 60-day swing low 27059.86, so the last three months have carried price across a wide band with the current level toward its top.

Weekly picture

The weekly frame agrees with the daily one. It reads as an uptrend, with price above the 20-week average (29094.9575) by 0.4% and the 20-week above the 50-week (26593.3568), leaving price 9.85% above the 50-week line. The weekly RSI is 57.2, a firmer neutral reading than the daily. The most recent completed week closed -0.6%, a small pullback within that rising weekly structure.

Performance across horizons shows a mixed shorter-term and firm longer-term picture: up 1.3% on the week and 5.85% on the month, but down 2.12% over the quarter, while the trailing year stands 26.19% higher.

Descriptive technical summary generated by the ForexBullion Research Team from our own price feed. Not investment advice.