Nasdaq Stock Forecast
Nasdaq stock price ended at $60.07 on Thursday, after gaining 0.317%.
(Updated on May 02, 2024)
The Nasdaq stock price gained 0.317% on the last trading day (Thursday, 2nd May 2024), rising from $59.88 to $60.07. During the last trading day the stock fluctuated 1.40% from a day low at $59.38 to a day high of $60.21. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 607 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $201.52 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $59.98 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.74% during the next 3 months and, with a 90% probability hold a price between $66.42 and $72.34 at the end of this 3-month period.
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NDAQ Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nasdaq stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $60.26 and $61.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -5.49%. 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).
Support, Risk & Stop-loss for Nasdaq stock
Nasdaq finds support from accumulated volume at $60.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.83 (1.40%) between high and low. For the last week, the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NDAQ) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Nasdaq to open at $59.89, and during the day (based on 14 day Average True Range), to move between $58.91 and $61.23, which gives a possible trading interval of +/-$1.16 (+/-1.93%) up or down from last closing price. If Nasdaq takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $60.03 (0.07%) than the resistance at $60.29 (0.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nasdaq stock A Buy?
The Nasdaq stock holds several negative signals and despite the positive trend, we believe Nasdaq will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.046 Sell Candidate Unchanged
Predicted Opening Price for Nasdaq of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $59.89 ( 0.305%) | $60.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NDAQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.72 | 1.08 % | |
| R2 | 60.40 | 0.549 % | ||
| R1 | 60.20 | 0.223 % | ||
| Current price: | 60.07 | |||
| Support | S1 | 59.57 | -0.83 % | |
| S2 | 59.37 | -1.16 % | ||
| S3 | 59.06 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.84 | 2.95 % | |
| R2 | 60.88 | 1.35 % | ||
| R1 | 60.29 | 0.366 % | ||
| Current price | 60.07 | |||
| Support | S1 | 60.03 | -0.0666% | |
| S2 | 60.01 | -0.0999% | ||
| S3 | 56.32 | -6.24% |
NDAQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.240 | 0.399% |
| 2 | Mar 13, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.220 | 0.349% |
| 3 | Oct 18, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.220 | 0.386% |
| 4 | Aug 06, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.220 | 0.453% |
| 5 | Aug 06, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.220 | 0.441% |
FAQ
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