NASDAQ-100 Analysis
Short Term and Medium Term Outlook
Current Market Overview
As of January 2, 2026, the NASDAQ Combined Composite Index (COMPX) closed at 23,235.63, reflecting a decrease of 6.36 points. The index has shown a rise of 52.19% from its year low, but is down 3.02% from its year high.
Short Term Analysis
The NASDAQ Combined Composite Index is currently in a rising trend channel, indicating positive market sentiment and increasing buy interest among investors. However, a head and shoulders formation is developing, which could signal a potential reversal.
- Support Level: 23,060 points - A bounce here could indicate a continuation of the upward trend.
- Resistance Level: 21,956 points - A decisive break below this level, especially with increased volume, could lead to further declines.
- Recommendation: Positive (Score: 65) for the next 1 to 6 weeks.
Medium Term Analysis
In the medium term, the index has broken the floor of its rising trend channel, suggesting a weakening upward momentum. The head and shoulders pattern is still in play, and the RSI curve indicates a downward trend, which could foreshadow a price decline.
- Resistance Level: 23,700 points - A break above this level could signal a bullish reversal.
- Support Level: 21,956 points - A break below this level could lead to further declines.
- Recommendation: Hold (Score: 0) for the next 1 to 6 months.
Key Technical Indicators
| Indicator | Value |
|---|---|
| Volatility (1 day) | 0.97% |
| Liquidity Risk | Not applicable |
| Volatility Risk | Low |
| Price Change (5 days) | -1.60% |
| Price Change (22 days) | -0.17% |
| Price Change (66 days) | +2.85% |
Conclusion
The NASDAQ-100 shows a mixed outlook in the short and medium term. While the short-term trend remains positive, caution is warranted due to the developing head and shoulders pattern and the potential for a downward reversal. Investors should monitor key support and resistance levels closely and consider a hold strategy in the medium term.