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In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the NAS100 for November 18, 2025.
Technical Analysis of NAS100
NAS100 Daily Chart Insight
The short-term outlook is bearish. Momentum has shifted to the downside in the short term. The price has broken below the shorter-term purple moving average and recently formed a lower high, which is a warning sign. The Stochastic oscillator is in oversold territory below 20, suggesting the downward momentum is extended and could be due for a bounce or consolidation. However, this doesn’t negate the current selling pressure.
Key Levels: The crucial immediate support level is the black moving average, located around 24,500-24,600. This is the most important level to watch, as the integrity of the medium-term uptrend depends on this level holding. If the black moving average fails to hold, the next major support level is the long-term green moving average, currently trending up around the 23,000 area.
NAS100 2-Hour Chart Analysis
Recent price action reveals a strong rejection near the 25,230 resistance level, triggering a steep decline. The Stochastic oscillator has turned sharply downward after exiting overbought conditions, signaling that sellers have seized control.
Breakout Scenarios: The path of least resistance currently favors a bearish continuation, where a sustained break and close below the immediate support at 24,800 would signal the downtrend’s continuation, with the primary target being the major support level at 24,630. Conversely, for a bullish reversal to be considered, the price must first hold above 24,800 and establish a higher low, followed by a breakout above the immediate resistance at 25,230, which would mark the first sign of a potential momentum shift challenging the bearish structure. However, true confirmation of a trend reversal would require a decisive break above the major resistance zone at 25,400-25,500, clearing all three moving averages.
NAS100 Pivot Indicator
Following a sharp sell-off to the 24,665 level, the price has entered a period of consolidation. It is currently trading in a tight range, struggling to overcome the immediate resistance of the purple (short-term) moving average. The Stochastic oscillator has risen from oversold territory and is pointing upwards, suggesting a pause in selling pressure and the potential for a minor corrective bounce.
Bearish Continuation (Breakdown): The immediate support lies at the bottom of the current consolidation range, around 24,770. The major support is located at the recent major swing low of 24,665, which serves as the critical level that sellers need to break to resume the downtrend.
Bullish Corrective Bounce (Breakout): A short-term breakout would occur if the price manages to push above the immediate resistance zone of 24,880 – 24,900. This would suggest the corrective bounce has more strength and would open the door for a test of the secondary resistance at 25,100 (the black moving average). This move would still be considered a counter-trend rally unless it can overcome the major resistance at 25,300.
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