Nasdaq Stock Forecast
Green day on Friday for Nasdaq
(Updated on Apr 19, 2024)
The Nasdaq stock price gained 0.466% on the last trading day (Friday, 19th Apr 2024), rising from $60.07 to $60.35. During the last trading day the stock fluctuated 1.02% from a day low at $59.95 to a day high of $60.56. The price has been going up and down for this period, and there has been a -2.72% loss 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, 752 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $185.94 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 $59.67 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 10.58% during the next 3 months and, with a 90% probability hold a price between $65.99 and $71.16 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. On corrections up, there will be some resistance from the lines at $60.75 and $60.68. 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 -5.05%. 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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.610 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 1.71%.
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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Nasdaq to open at $60.29, and during the day (based on 14 day Average True Range), to move between $59.17 and $61.53, which gives a possible trading interval of +/-$1.18 (+/-1.96%) up or down from last closing price. If Nasdaq takes out the full calculated possible swing range there will be an estimated 3.92% 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 (0.53%) than the resistance at $60.88 (0.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Nasdaq will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.650. We will update the financials statements for Nasdaq, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.32% in the first trading day after earnings release.
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: -1.612 Sell Candidate Unchanged
Predicted Opening Price for Nasdaq of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $60.29 ( 0.105%) | $60.35 |
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 | 60.90 | 0.91 % | |
| R2 | 60.66 | 0.520 % | ||
| R1 | 60.52 | 0.281 % | ||
| Current price: | 60.35 | |||
| Support | S1 | 60.05 | -0.491 % | |
| S2 | 59.91 | -0.730 % | ||
| S3 | 59.68 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.46 | 3.50 % | |
| R2 | 61.84 | 2.47 % | ||
| R1 | 60.88 | 0.88 % | ||
| Current price | 60.35 | |||
| Support | S1 | 60.03 | -0.530% | |
| S2 | 60.01 | -0.563% | ||
| S3 | 56.32 | -6.68% |
NDAQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.220 | 0.349% |
| 2 | Oct 18, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.220 | 0.386% |
| 3 | Aug 06, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.220 | 0.453% |
| 4 | Aug 06, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.220 | 0.441% |
| 5 | Aug 02, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.200 | 0.366% |
FAQ
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