NASDAQ-100 Analysis
Current Overview
As of January 6, 2026, the NASDAQ Combined Composite Index (COMPX) closed at 23,547.17, reflecting a gain of 151.35 points. The index has shown a significant rise of 54.23% from its year low, while it is -1.72% from its year high.
Short Term Outlook
The NASDAQ-100 is currently exhibiting a strong development within a rising trend channel. This indicates increasing optimism among investors and suggests a potential for continued upward movement. The index is approaching a resistance level at 23,660 points, which may trigger a negative reaction if not surpassed. However, a breakout above this level would be a positive signal for further gains.
The Relative Strength Index (RSI) is showing a rising trend, supporting the positive outlook. Overall, the short-term assessment is technically neutral.
Recommendation: Hold (Score: 17)
Medium Term Outlook
In the medium term, the NASDAQ-100 has been experiencing higher prices over time, indicating a sustained rising trend. However, a head and shoulders formation is developing, which could signal a potential reversal if the support level at 21,947 is decisively broken, especially with increased volume. The index is currently testing resistance at 23,700 points, and a breakthrough here would be a positive indicator.
Despite the overall positive sentiment, the RSI is showing a downward trend, which may indicate an early signal of a possible trend reversal. Thus, the medium-term outlook is assessed as slightly positive.
Recommendation: Weak Positive (Score: 25)
Key Technical Indicators
| Indicator | Price | Objective |
|---|---|---|
| High-RSI | 25,477.84 | - |
| Last Close | 23,547.17 | - |
| Short Term Trading Range | 23,235.63 | - |
| Long Term Trading Range | 22,693.32 | - |
| Head and Shoulders Pattern | 21,947.31 | 20,260.66 |
| Low-RSI | 21,719.69 | - |
Conclusion
The NASDAQ-100 is currently in a favorable position for short-term gains, with a neutral outlook. However, caution is advised in the medium term due to potential reversal patterns. Investors should monitor key resistance and support levels closely to make informed trading decisions.