Nasdaq 100 Daily Analysis — 2026-08-24
Session: ClosingLatest
- Close
- 29,023.18
- Change
- -0.98%
- 1W Change
- -3.24%
- 20D Change
- 3.51%
- EMA20
- 29,328.74
- EMA50
- 29,127.31
- EMA200
- 27,285.33
- RSI (14)
- 46.3
- ATR (14)
- 460.93
- Volatility (20D)
- 22.81%
- Distance from 20D High
- -3.88%
- Advancers
- 8
- Decliners
- 3
- Volume
- 1,070,150,000
- VIX
- 15.84
- US10Y
- 4.70%
- DXY
- 99.01
Sector Leaders
The index closed lower with a modest decline, extending its weekly pullback while maintaining a positive medium-term trajectory.
Market Drivers
The move was driven by broad-based weakness in technology and consumer discretionary names, partially offset by gains in defensive sectors like staples and utilities.
Trend Interpretation
Price is hovering near its 50-day average, with short-term momentum turning negative but the longer-term uptrend still intact.
Risk Factors
Key risks include rising bond yields and a strengthening dollar, which could pressure growth stocks further.
Bullish
If the index holds above its 50-day average and buying interest returns, it could resume its upward path toward recent highs.
Neutral
The index may consolidate within a range, with alternating sessions of gains and losses as investors digest mixed signals.
Risk
A break below the 50-day average could trigger further selling, leading to a deeper correction toward the 200-day average.
Session: Premarket
- Close
- 29,308.86
- Change
- 0.33%
- 1W Change
- -2.45%
- 20D Change
- 4.20%
- EMA20
- 29,360.91
- EMA50
- 29,131.56
- EMA200
- 27,271.12
- RSI (14)
- 50.0
- ATR (14)
- 463.09
- Volatility (20D)
- 22.48%
- Distance from 20D High
- -2.94%
- Advancers
- 8
- Decliners
- 2
- Volume
- 7,410,100,000
- VIX
- 15.93
- US10Y
- 4.71%
- DXY
- 98.94
Sector Leaders
The index is showing a slight positive bias in premarket trading, with a modest recovery attempt after a weekly decline. Market breadth is positive, though the overall momentum appears mixed.
Market Drivers
Gains in materials, healthcare, and consumer discretionary sectors are providing support, while a few large-cap decliners are weighing on sentiment. The broader market is cautiously optimistic.
Trend Interpretation
Price is hovering near its short-term moving average, indicating a consolidation phase. Momentum is neutral, with the index trading below its recent high but above longer-term averages.
Risk Factors
Elevated volatility and a negative weekly performance suggest underlying fragility. A pullback in leading sectors or a rise in defensive assets could signal further weakness.
Bullish
If buying interest broadens and the index reclaims its recent high, it could resume its uptrend. Strong sector leadership and improving breadth would support a move higher.
Neutral
The index may continue to oscillate within a range, lacking a clear directional catalyst. Sideways action with alternating sector leadership is likely.
Risk
A break below key support levels could trigger accelerated selling, especially if volatility spikes and risk appetite fades. Defensive positioning would dominate.
Session: Midday
- Close
- 29,088.24
- Change
- -0.75%
- 1W Change
- -3.02%
- 20D Change
- 3.74%
- EMA20
- 29,334.94
- EMA50
- 29,129.86
- EMA200
- 27,285.98
- RSI (14)
- 47.1
- ATR (14)
- 460.93
- Volatility (20D)
- 22.67%
- Distance from 20D High
- -3.67%
- Advancers
- 6
- Decliners
- 5
- Volume
- 553,299,904
- VIX
- 15.68
- US10Y
- 4.69%
- DXY
- 98.99
Sector Leaders
The index is trading slightly lower in midday action, with a modest pullback from recent highs. Market breadth is mixed, with a slight edge to advancers.
Market Drivers
Defensive sectors like consumer staples are leading, while communication services and financials also show strength. This suggests a risk-off tilt, with investors favoring stability.
Trend Interpretation
Price is hovering around its medium-term moving averages, indicating a consolidation phase. Momentum has cooled from recent strength, with the RSI in neutral territory.
Risk Factors
Elevated volatility and a pullback from recent highs suggest potential for further downside. A weak close could signal short-term bearish pressure.
Bullish
If the index holds above key moving averages and buying interest returns, it could resume its uptrend. A rebound in growth sectors would support a move back toward recent peaks.
Neutral
The index may continue to trade sideways, digesting recent gains. Range-bound action with alternating sessions of gains and losses is likely.
Risk
A break below support levels could trigger further selling, especially if volatility spikes. Defensive leadership may persist, but a broad decline would weigh on the index.