NDAQ Price Prediction Next Week
Technical Analysis
Based on the recent price action and technical indicators, NDAQ is showing signs of weakness after a significant pullback. The Fibonacci support level at 78.48 is crucial, with R1 at 80.86 and S1 at 76.10 . The RSI at 63.42 indicates the stock is approaching overbought territory but still has room to move higher.
News Impact
Recent significant events affecting NDAQ:
- Account compromise incident on January 23, 2025, where NDAQ's official X account was hacked to promote a fraudulent memecoin
- A positive report released with BCG highlighting potential $25-50 billion efficiency gains in banks' Risk and Compliance functions
Price Target Analysis
Short-term price targets for next week:
- Bullish scenario (30% probability): Above 80.86 (R1)
- Neutral scenario (50% probability): 76.10-80.86 range
- Bearish scenario (20% probability): Below 76.10 (S1)
Trading Recommendation
Given the technical setup and recent news:
- SELL recommendation with entry point at current market price
- Stop loss: 80.86 (R1 level)
- First target: 76.10 (S1 level)
- Second target: 74.62 (S2 level)
Rationale:
- RSI showing potential exhaustion of upward momentum
- Recent negative news about account compromise could impact sentiment
- Price approaching key resistance levels
- Moving averages showing potential trend reversal
The stock is expected to test the S1 level at 76.10 next week, with potential for further downside if this support breaks.
NDAQ Similar Chart Price Prediction
The price of NDAQ is predicted to go up 3.69%, based on the high correlation periods with SCSC. The similarity of these two price pattern on the periods is 93.2%.
NDAQ
SCSC
Up: 3.69%Similarity: 93.2%
NDAQ Revenue Forecast
NDAQ EPS Forecast
NDAQ FAQs
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NDAQ VS S&P500
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.
NDAQ Analyst's Forecast
Christopher Allen
Citigroup
Hold
Price Target
$78 → $84
Upside
+10.7%
Citi raised the firm's price target on Nasdaq to $84 from $78 and keeps a Neutral rating on the shares. The firm refreshing estimates for current volume and pricing trends. It remains constructive over the long-term but sees a balanced risk/reward at current share levels and prefers to wait for a more attractive entry point.
Brian Bedell
Deutsche Bank
Hold → Strong Buy
Price Target
$80 → $98
Upside
+25.61%
Benjamin Budish
Barclays
Buy
Price Target
$87 → $97
Upside
+21.71%