NAS100 Analysis: Is the Selling Exhausted or Just Beginning?

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NAS100 for February 13, 2026.

Technical Analysis of NAS100

NAS100 Daily Chart Insight

• The NAS100 currently sits at a vulnerable crossroads. Bears maintain the upper hand for now, provided prices stay beneath the moving average convergence zone at 25,300. That said, oversold indicators point to an impending—if turbulent—rebound. The 24,150 support level deserves close attention; a breach of this threshold could trigger intensified downward momentum.
• Key Levels: On the resistance side, the immediate ceiling sits at 25,250 – 25,350, where the Black and Purple moving averages intersect—a crucial dynamic threshold bulls must decisively break to regain control. Beyond that lies secondary resistance at 25,650, corresponding to swing peaks from mid-December and late January, followed by major resistance at 26,200 – 26,300, marking the January 2026 “Double Top” formation that caps the current structure. For support, price is currently hovering at 24,700 – 24,750, providing temporary intraday footing as indicated by the grey price label. More significant support emerges at 24,150 – 24,370, where early February’s extended candlestick wicks reveal substantial buying interest, while the major structural floor rests at 23,900 – 24,000—a level established by mid-November 2025’s sharp capitulation wick that defines the lower boundary of the multi-month trading range.

NAS100 2-Hour Chart Analysis

• The NAS100 has broken out of its consolidation phase on the H2 timeframe, decisively to the downside, with momentum turning aggressively bearish. On February 11th, price briefly rallied to touch the long-term moving average (Green line) before facing sharp rejection—a classic “bull trap” that triggered a rapid sell-off and created the steep waterfall decline visible over the past 12-24 hours. Looking ahead, traders should monitor the 24,225 support zone for a potential test, while any upside attempts will likely encounter heavy resistance at the 25,000 level.
• Breakout Scenarios: The most likely scenario is bearish continuation, with price currently falling toward the previous major low and a sustained hold below 24,600 serving as the critical trigger—targeting a retest of 24,225 (the February 5th low), where a decisive break would confirm a “Lower Low” on the higher timeframe and signal a deeper correction is underway. Alternatively, an oversold bounce could emerge, though this bullish relief scenario requires price to reclaim the 25,000 level before potentially floating back toward the 25,160 moving average cluster. However, until the moving averages flatten out or begin crossing upward, any buying activity remains counter-trend and carries elevated risk.

NAS100 Pivot Indicator

• The M30 timeframe reveals a market firmly under seller control. The brief consolidation near 24,700 looks more like a temporary breather than any meaningful reversal attempt. Absent a decisive recovery above 24,800, the trajectory of least resistance continues pointing downward, with focus shifting to a potential break beneath 24,669.
• Bearish Continuation: The breakdown of the Bear Flag pattern sets the stage for renewed selling pressure, with a 30-minute candle close below 24,669 serving as the critical trigger. Should price lose this support level, it would signal the end of the consolidation phase and confirm the downtrend is resuming. In this scenario, momentum sellers are likely to aggressively chase price lower toward the 24,500 target.
• Mean Reversion: An oversold bounce pattern could materialize if conditions align, with a distinct close above 24,800 (clearing the Purple MA) acting as the key trigger. Given that price has stretched significantly below the Green and Black moving averages, the “rubber band” effect is pronounced, meaning a decisive close above 24,800 could spark a short squeeze toward the 25,000 area as price attempts to reconnect with the Black MA. That said, this scenario represents a counter-trend trade and inherently carries higher risk.

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