Technical Analysis:
Based on recent price action, NDAQ has shown a bearish trend in the past week, declining 2.51%. The stock closed at $81.07 on February 21, 2025, with significant selling pressure.
Price Targets & Support/Resistance Levels:
- Current resistance: $82.86 (last week's high)
- Key support: $80.96 (last week's low)
- Mean analyst price target: $89.83, suggesting 10.6% upside potential
News Sentiment & Market Catalysts:
- Recent market weakness due to broader economic concerns and Walmart's disappointing guidance
- Nasdaq demonstrated strong client engagement in 2024 with 263 new clients and 424 upsells
- Upcoming economic events this week could impact trading sentiment, including Q4 2024 GDP data and Core PCE on February 28
Next Week Price Prediction:
Based on technical indicators and news sentiment:
- Bearish scenario (60% probability): Stock could test support at $80.00-$80.96
- Neutral scenario (30% probability): Consolidation between $81.00-$82.00
- Bullish scenario (10% probability): Potential bounce to $82.86 resistance
Target Price for Next Week: $80.50
Recommendation: SELL
- Current technical indicators show weakening momentum
- Broader market concerns and economic uncertainties could pressure the stock
- Suggested entry for short positions: $81.50-$82.00
- Stop loss: $82.90
- Target: $80.50
Despite analysts maintaining a "Moderate Buy" rating, short-term technical indicators and market sentiment suggest potential downside risk for the coming week.
Technical Analysis:
Based on recent price action, NDAQ has shown a bearish trend in the past week, declining 2.51%. The stock closed at $81.07 on February 21, 2025, with significant selling pressure.
Price Targets & Support/Resistance Levels:
- Current resistance: $82.86 (last week's high)
- Key support: $80.96 (last week's low)
- Mean analyst price target: $89.83, suggesting 10.6% upside potential
News Sentiment & Market Catalysts:
- Recent market weakness due to broader economic concerns and Walmart's disappointing guidance
- Nasdaq demonstrated strong client engagement in 2024 with 263 new clients and 424 upsells
- Upcoming economic events this week could impact trading sentiment, including Q4 2024 GDP data and Core PCE on February 28
Next Week Price Prediction:
Based on technical indicators and news sentiment:
- Bearish scenario (60% probability): Stock could test support at $80.00-$80.96
- Neutral scenario (30% probability): Consolidation between $81.00-$82.00
- Bullish scenario (10% probability): Potential bounce to $82.86 resistance
Target Price for Next Week: $80.50
Recommendation: SELL
- Current technical indicators show weakening momentum
- Broader market concerns and economic uncertainties could pressure the stock
- Suggested entry for short positions: $81.50-$82.00
- Stop loss: $82.90
- Target: $80.50
Despite analysts maintaining a "Moderate Buy" rating, short-term technical indicators and market sentiment suggest potential downside risk for the coming week.