Go Long – Bullish Targets for Next Week- Current Price: $23065.47
- Key Insights: NASDAQ has exhibited resilience despite recent sentiment shifts,
showing signs of potential upside driven by a solid rebound in major tech
stocks. With earnings season approaching, improved performance in underlying
components reinforces long-term confidence in the index.
- Price Targets:
- T1: $23427.43
- T2: $23696.12
- S1: $22834.82
- S2: $22604.17
- Recent Performance: Over the past week, NASDAQ has consolidated near its
current levels, with intraday volatility driven by sector rotations and
macro concerns. While sentiment has weakened, the index remains supported by
key levels near the $23,000 mark.
- Expert Analysis: Analysts express optimism around key components such as
Apple, Microsoft, and Nvidia, which have recently seen improved outlooks.
Broader tech sector strength may drive NASDAQ higher. Caution is advised
given geopolitical uncertainties but upside opportunities dominate momentum.
- Sentiment Analysis:
- Current sentiment: 0
- Last week: 62.5
- Change: -62.5
- Total mentions: 386
- News Impact: Positive developments in semiconductor growth forecasts and
easing fears over rate hikes have supported bullish sentiment. However, last
week’s lower-than-expected inflation data and Federal Reserve signals for
"higher rates for longer" dampened sentiment overall.
