Technical Analysis:
Based on recent market data, NDAQ has experienced significant volatility, with the Nasdaq Composite registering a weekly decline of 3.47%. The technical indicators suggest a bearish short-term trend.
Key Price Levels:
Volume Analysis: Recent trading volume has been elevated, indicating strong selling pressure. This suggests institutional investors may be reducing positions ahead of potential market headwinds.
News Impact:
Price Prediction for Next Week (March 4-8, 2025):
Target Price Range: $77.50 - $81.00
Rationale:
Trading Recommendation: SELL
Entry Point: Current market price (~$81.50) Target: $77.50 (-5%) Stop Loss: $83.00 (+1.8%)
The combination of technical weakness, negative news sentiment, and broader market concerns suggests NDAQ is likely to test lower levels in the coming week. The stock appears vulnerable to further selling pressure, particularly if upcoming economic data disappoints.
The price of NDAQ is predicted to go up 10.24%, based on the high correlation periods with USNA. The similarity of these two price pattern on the periods is 96.43%.
NDAQ
USNA
Nasdaq continues to see strong growth from its newer more data-focused business lines as the company continues to invest in its data and technology offerings.
Nasdaq's market data and brand are valuable intangible assets that the company has monetized through its listings, index, and data products.
The company's listing business has outperformed in recent years, winning the majority of newly listed securities.
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