📰 NASDAQ Tech 100 Analysis: Index Climbs Amid Volatility, But Faces Resistance Near Upper Bollinger Band

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June 17, 2025

📅 June 17, 2025 | 19:08 IST

The US Tech 100 Cash Index (NDX), which reflects the performance of leading technology stocks including giants like Apple, Microsoft, and NVIDIA, closed at 21,837.6 on June 17, 2025—up +57.1 points (+0.26%). This modest gain reflects investor resilience despite global uncertainties and ongoing sector rotation.


🔍 Technical Analysis Breakdown

1. Price Action & Bollinger Bands

  • Current Price: 21,837.6
  • Bollinger Bands (20 SMA, 2 STD):
    • Upper Band: 22,046.2
    • Middle Band (20 SMA): 21,611.7
    • Lower Band: 21,177.3

The index is currently trading near the upper Bollinger Band, indicating a potential overbought condition in the short term. Historically, touching or nearing this upper band often precedes a pullback or consolidation. However, it may also signal continued momentum if accompanied by strong volume.


2. Volume Profile

  • Current Volume: 74.81K

Volume has been relatively average, not showing any major spikes or sell-offs. This neutral volume level supports the slow and steady upward trend but also suggests lack of aggressive buying at current levels.


3. RSI (Relative Strength Index)

  • RSI 14: 62.11 (Yellow MA: 62.61)

An RSI above 60 is bullish but not in the overbought zone (which is typically above 70). The RSI appears to have flattened, indicating that momentum is slowing slightly. However, there’s no bearish divergence yet, so the uptrend remains intact for now.


📅 Medium-Term Trend Analysis

Looking at the 1D chart:

  • The strong uptrend since April 2025 continues, marking a V-shaped recovery after a March correction.
  • The price has formed higher highs and higher lows, supporting a bullish continuation pattern.
  • However, repeated failure to break above 22,000 decisively suggests strong resistance in this zone.

🌎 Macro Sentiment Impacting the Index

  • Geopolitical Tensions: Markets remain cautious amid Middle East tensions (Iran-Israel conflict), which continue to impact investor sentiment and volatility.
  • Fed Policy Outlook: Hints at a neutral or dovish stance from the Fed could support growth stocks and tech-heavy indices like the NASDAQ 100.
  • AI Boom & Tech Earnings: Mega-cap tech firms driving the index have posted strong earnings, especially those linked to AI, which remains a key driver.

🧠 What to Watch Next?

  1. Resistance Zone: 22,000–22,050 — a breakout above could lead to a sharp rally toward 22,500+.
  2. Support Levels: 21,600 (20-day SMA) and 21,177 (Lower Bollinger Band).
  3. RSI Levels: Watch for a break above 70 (bullish) or below 50 (bearish).
  4. Volume Surge: Increased buying volume on green candles may confirm breakout attempts.

📊 Conclusion

The NASDAQ Tech 100 is showing healthy upward movement but is facing stiff resistance near all-time highs. With indicators pointing to mild bullishness, traders and investors should stay cautious near resistance and look for confirmation via volume or RSI before chasing a breakout.

If global macroeconomic stability persists and earnings continue to impress, the tech rally may still have legs. However, a correction or sideways consolidation is also a strong possibility in the short term.


🔁 Stay tuned to StockMarketRulers.com for daily updates, expert analysis, and real-time market insights

15 thoughts on “📰 NASDAQ Tech 100 Analysis: Index Climbs Amid Volatility, But Faces Resistance Near Upper Bollinger Band”

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