Nasdaq Composite Technical Analysis Today
Summary
The Nasdaq Composite is trading at 26,878.79, up just 0.05% on the day. Price sits within the prior day's range (26,866.44–27,107.65) and is testing the 38.2% Fibonacci retracement at 26,891.14 after a swing from 26,736.46 to 26,986.76. The overall technical bias remains bullish with medium confidence, with key support clustered near 26,710.69–26,772.90.
Key levels — confluence zones
Zones where several technical levels cluster together (moving averages, SuperTrend, Fibonacci retracements, previous-day range, swing points). More converging levels mean a more relevant zone.
| Resistance | Levels | Strength |
|---|---|---|
| 26,986.76–26,990.02 | Swing high + Swing high | ●● |
| 27,107.65 | Previous-day high + Swing high | ●● |
| Support | Levels | Strength |
|---|---|---|
| 26,710.69–26,772.90 | Swing low + Swing low + Swing low + Elliott invalidation + SuperTrend | ●●●● |
| 26,490.40 | SMA200 | ● |
Trend
Price trades above the SMA200 (26,490.40), confirming the long-term uptrend, though it sits fractionally below both the SMA20 (26,896.86) and SMA50 (26,921.83), signalling near-term softness. SuperTrend remains pointed upward with a floor at 26,772.90. The 4-hour Ichimoku regime is classified as above-cloud with a bull score of 3 versus a bear score of 1, reinforcing the constructive backdrop.
| Indicator | Value | Reading |
|---|---|---|
| SMA 20 | 26,896.86 | price below |
| SMA 50 | 26,921.83 | price below |
| SMA 200 | 26,490.40 | price above |
| SuperTrend (10,3) | 26,772.90 | bullish |
| Ichimoku 4H | above the cloud | 3/4 bullish · 1/4 bearish |
Momentum
RSI at 55.1 is comfortably in neutral-bullish territory, neither overbought nor oversold. MACD reads -3.184 against a signal of -0.04, indicating a marginal bearish cross that warrants monitoring but does not negate the broader bias. Volume ratio at 1.1 reflects slightly above-average participation.
| Indicator | Value |
|---|---|
| RSI (14) | 55.1 |
| MACD / signal | -3.184 / -0.04 |
| Volume vs 40-bar average | ×1.1 |
Structure — swing, Fibonacci and Elliott Wave
The most recent swing ran from 26,736.46 to 26,986.76. Price is currently pulling back toward the 38.2% level (26,891.14), with the 50% (26,861.61) and 61.8% (26,832.07) retracements providing deeper support layers. Elliott wave context places price in Wave A, a first corrective leg, with invalidation at 26,750.74 and a probability estimate of 50%.
| Element | Level |
|---|---|
| Last swing | 26,736.46 → 26,986.76 (up) |
| Fibonacci 38.2% | 26,891.14 |
| Fibonacci 50.0% | 26,861.61 |
| Fibonacci 61.8% | 26,832.07 |
| Elliott Wave | Wave 🅐 — First Corrective Leg |
| Elliott invalidation | 26,750.74 |
Trade scenarios
Educational scenarios built from the confluence zones. Entry, stop and target are calculated by our engine; risk/reward is computed from the published numbers, and scenarios with an unfavourable ratio are flagged rather than presented as opportunities.
| Scenario | Entry | Stop | Target | R:R | Quality |
|---|---|---|---|---|---|
| Bullish aggressive (pullback) | 26,772.90 | 26,650.49 | 26,986.76 | 1.75:1 | acceptable |
| Bearish aggressive (rejection) | 26,986.76 | 27,050.22 | 26,772.90 | 3.37:1 | good |
| Bullish conservative (breakout) | 27,020.12 | 26,926.56 | 27,107.65 | 0.94:1 | unfavourable |
| Bearish conservative (breakdown) | 26,680.59 | 26,833.10 | 26,490.40 | 1.25:1 | unfavourable |
Outlook and confirmation
A sustained hold above 26,772.90 keeps the bullish scenario alive; a push through 26,990.02 would be the confirming trigger. The short-rejection scenario at 26,986.76 (target 26,772.90, R/R 3.37) offers the most favourable risk/reward of the four setups. Bears need a break below 26,710.69 to shift the narrative. The long-breakout and short-breakdown scenarios both carry poor quality ratings and less favourable R/R profiles.
FAQ
What is the Nasdaq Composite trend today?
On the 1-hour chart our engine reads a bullish bias with medium confidence (score +3/7), based on moving averages, MACD, RSI, SuperTrend and the 4-hour Ichimoku context. Nasdaq Composite trades at 26,878.79.
What are the key support levels for Nasdaq Composite?
The nearest support zones are 26,710.69–26,772.90, 26,490.40.
What are the key resistance levels for Nasdaq Composite?
The nearest resistance zones are 26,986.76–26,990.02, 27,107.65.
What would confirm a move in Nasdaq Composite?
An hourly close above 26,990.02 would confirm the bullish case. An hourly close below 26,710.69 would confirm the bearish case.
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