NASDAQ-100 Analysis

Current Overview

As of January 8, 2026, the NASDAQ Combined Composite Index (COMPX) closed at 23,480.02, down 104.26 points. The index has shown a rise of 53.79% from its year low, but is 2.00% off its year high.

Short Term Outlook

The NASDAQ-100 is currently in a rising trend channel, indicating positive market sentiment. The index is approaching a resistance level at 23,600 points. A breakthrough above this level would signal further upward momentum. However, the RSI (Relative Strength Index) is above 70, suggesting that the index may be overbought, which could lead to a short-term pullback.

Recommendation: Hold (Score: 15)

Medium Term Outlook

In the medium term, the index has broken through the floor of a rising trend channel, indicating a potential slowdown in the rate of increase or a shift towards a more horizontal development. A head and shoulders pattern is forming, which could signal a reversal if the support level at 21,939 is decisively broken. The index is currently testing resistance at 23,700, and a breakthrough here would be a positive signal.

Recommendation: Hold (Score: 0)

Key Technical Indicators

Indicator	Value
Current Close	23,480.02
Resistance Level	23,600
Support Level	21,939
RSI	Above 70
Volatility (1 Day)	0.96%
Liquidity Risk	Not applicable

Conclusion

The NASDAQ-100 shows a mixed outlook in the short and medium term. While the short-term trend remains positive, caution is advised due to overbought conditions. The medium-term outlook suggests potential volatility as the index tests key resistance and support levels. Investors should consider holding their positions while monitoring market developments closely.