Nasdaq Index Forecast

Buy or Hold candidate since Apr 08, 2026 Gain 18.64%

The Nasdaq index price fell by -0.89% on the last day (Wednesday, 3rd Jun 2026) from 27,093.90 points to 26,853.98 points. During the last trading day the index fluctuated 1.35% from a day low at 26,769.16 points to a day high of 27,130.88 points. The price has risen in 9 of the last 10 days and is up by 3.8% over the past 2 weeks. Volume fell on the last day along with the index, which is actually a good sign as volume should follow the index. On the last day, the trading volume fell by -453 million shares and in total, 8 billion shares were bought and sold for approximately 212.51 points trillion.

The index lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 27,188.78 points will firstly indicate a stronger rate of rising. Given the current short-term trend, the index is expected to rise 28.18% during the next 3 months and, with a 90% probability hold a price between 32,126.60 points and 34,850.11 points at the end of this 3-month period.

^IXIC Signals & Forecast

The Nasdaq index holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the index giving a positive forecast for the index. On further gains, the index will meet resistance from the short-term Moving Average at approximately 26,894.20 points. On a fall, the index will find some support from the long-term average at approximately 25,670.13 points. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 02, 2026, and so far it has fallen -0.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Nasdaq index

Nasdaq finds support from accumulated volume at 26,274.13 points and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the index tends to have very controlled movements and with good liquidity the risk is considered very low in this index. During the last day, the index moved 361.72 points between high and low, or 1.35%. For the last week the index has had daily average volatility of 1.09%.

Our recommended stop-loss: 25,737.79 points (-4.16%) (This index has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (^IXIC) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect NASDAQ Composite to open at 26,918.00 points, and during the day (based on 14 day Average True Range), to move between 26,682.66 points and 27,025.30 points, which gives a possible trading interval of +/-342.64 points (+/-1.28%) up or down from last closing price. If NASDAQ Composite takes out the full calculated possible swing range there will be an estimated 1.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 26,976.35 points (0.46%) than the support at 26,274.13 points (2.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is NASDAQ Composite index A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nasdaq index to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this index since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.827 Buy Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 4, 2026 - 26,918.00 points ( 0.238%).

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