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Nasdaqshort

NASDAQ 100 Drops! Short Trade Confirmed, Eyeing First TargetThe NASDAQ 100 has confirmed a short trade with a strong bearish move below the entry at 20263.46. The price is progressing towards the first profit target (TP1), though it has not yet been reached. Key Levels Entry: 20263.46 – The short position was confirmed as the price broke below this level, signaling bearish momentum. Stop-Loss (SL): 20378.68 – Placed above the recent resistance to protect against potential upside reversals. Take Profit 1 (TP1): 20121.04 – The first target, not yet reached, but in close proximity as the downward trend continues. Take Profit 2 (TP2): 19890.59 – The next target in case of continued bearish pressure. Take Profit 3 (TP3): 19660.15 – A further downside target, aligning with the next support zone. Take Profit 4 (TP4): 19517.73 – The ultimate profit target, marking a significant decline. Trend Analysis The price has broken below the Risological Dotted trendline, confirming strong bearish sentiment. The market is likely to move toward TP1 if the selling pressure continues. The downward momentum suggests further potential to reach deeper profit targets. The NASDAQ 100 short trade is progressing well after confirmation, with TP1 at 20121.04 in sight. If the bearish trend holds, further downside targets are expected to be reached.
NASDAQ:NDXShort
by ProfitsNinja
PepsiCo Stock Struggles Amid Weak Revenue and Guidance CutPepsiCo Inc. (NASDAQ: NASDAQ:PEP ) has long been a staple of the food and beverage industry, with a reputation for consistent growth and strong brand recognition. However, recent performance suggests a slowdown in momentum, as both technical indicators and fundamental data point to challenges ahead for the stock. Declining Revenue and Softened Outlook On Tuesday, PepsiCo (NASDAQ: NASDAQ:PEP ) reported its fiscal third-quarter results, revealing a mixed performance that failed to meet Wall Street's expectations. The company posted earnings per share of $2.31, narrowly surpassing analyst expectations of $2.29, but its revenue of $23.32 billion fell short of the anticipated $23.76 billion ugh too bad. This marks a 0.6% decline in net sales compared to the same quarter last year. The revenue shortfall is largely attributed to the impact of product recalls in its Quaker Foods North America division, a key segment of the company’s portfolio. Quaker Foods saw a 13% volume drop following recalls related to salmonella contamination and the subsequent closure of a production facility. The weakening demand in the U.S. market, alongside disruptions in international markets such as Latin America and the Middle East (Tensions between Israel, Iran and Lebanon), exacerbated PepsiCo's woes. PepsiCo CEO Ramon Laguarta acknowledged the challenges, noting that weaker-than-expected sales, particularly in its snack and beverage divisions, have weighed heavily on the company's outlook. As a result, PepsiCo (NASDAQ: NASDAQ:PEP ) trimmed its full-year organic revenue growth forecast, now expecting only a low-single-digit rise, down from the previous 4% projection. Moreover, despite some resilience in brands like Gatorade and Pepsi within the North American beverage segment, overall volume declined by 3%, underscoring the broader slowdown in consumer demand. Rising inflation and shifts in consumer behavior have prompted shoppers across various income levels to cut back on discretionary spending, especially on premium products. Let's check out what the Technical data says From a technical perspective, PepsiCo’s stock is reflecting the underlying weaknesses in its business. After consolidating within a tight range for much of the year, NASDAQ:PEP has now formed a bearish reversal pattern, signaling the potential for further downside. As of the latest premarket trading, the stock is down 0.66%, and its technical indicators suggest that more selling pressure may be on the horizon. The relative strength index (RSI) stands at 32.74, inching closer to the oversold territory, which reflects a growing bearish sentiment. An RSI reading below 30 typically indicates that a stock is oversold, but NASDAQ:PEP is dangerously close to crossing that threshold, which could spur a wave of panic selling. Furthermore, PepsiCo's stock is currently trading below its key moving averages, with the 50-day, 100-day, and 200-day moving averages converging at a critical juncture. When these averages converge and begin to trend downward, it often signals that a stock could face extended bearish momentum. In this case, the bearish crossover suggests that NASDAQ:PEP may experience further downside movement in the near term. The stock is also hovering near a crucial support level at $158, a pivot point that, if breached, could open the door to a steeper decline. Should NASDAQ:PEP break below this support, it may revisit its recent lows, potentially entering a more prolonged bearish trend. Conclusion: A Cautious Outlook for PepsiCo Investors PepsiCo's (NASDAQ: NASDAQ:PEP ) revised guidance for organic revenue growth indicates that management is bracing for slower growth ahead, and this cautious outlook has weighed on investor sentiment. From a technical standpoint, PepsiCo’s stock appears vulnerable to further declines, with bearish patterns and weak momentum pointing to the possibility of additional downside. The stock's proximity to a critical support level at $158, coupled with a low RSI and downward-trending moving averages, suggests that investors should exercise caution. PepsiCo (NASDAQ: NASDAQ:PEP ) may face headwinds in the coming months. While the company remains a long-term blue-chip investment, short-term traders and investors should monitor the stock closely for any signs of a reversal, particularly if the stock breaches its key support level. Until the company can demonstrate stronger revenue growth and address its operational challenges, NASDAQ:PEP may continue to underperform relative to market expectations.
NASDAQ:PEPShort
by DEXWireNews
US100 H4 - Sell SignalUS100 H4 Working from the slightly larger timeframes at the moment, as we are trying to block out the market open gaps/noise and surrounding factors. If the dollar is looking to trade closer to 103.000 we could see NAS fall in the short term and continue, but we could also see the correction unfold for the dollar. At the moment, we are in no mans land, we are neither confident in longs or shorts, we are merely just waiting for a little bit more confirmation on where we are heading, so we can then try and measure opportunity accordingly. Hopefully we can see something for consideration around the time of US market open.
CAPITALCOM:US100Short
by Trade_Simple_FX
NAS100 1:6RR trade ideaIn the recent rate cuts and CPI news, the stocks have gained impulsively(Technology sector up +6%). The overall trend is still bearish as we expect to see a 7-10% correction in the stock market in September. Currently NAS100 has reached our level of interest(19450), which has been a strong support/resistance level in the past. Here we look for shorts targeting 19250 and 19100. Should we break 19450, we look for buys up to 20k. Will update next week. As always, trade safe and expect the unexpected. Fractals Trading Community, Mei
PEPPERSTONE:NAS100Short
by martinmei
Nasdaq already in a Bear Market Hello everyone, We are currently in a topping process and chances are July 10, 2024 was the top for the Nasdaq (NDX). I believe that we will fill the gap before entering the bear market. A confirmation of a lower high on NDX and a higher high on SPX would show a clear divergence confirming a market top. It's clear that the Russell (IWM) is not making new highs and showing a clear divergence from SPX and NDX making new highs suggesting this is the top. NDX may have already entered a bear market and will not be making new highs and this is simply an ABC corrective wave up before making new lows. TLDR: NDX ABC CORRECTIVE WAVE UP BEFORE NEW LOWS; NDX WILL MAKE LOWER HIGHS AND SPX NEW HIGHS WILL CONFIRM THIS A MARKET TOP
NASDAQ:NDX
by justaturboman44
4
US Nas 100 another month drop?Hey traders We have US Nas 100 here, nas is looking to sell down still for another month id say, so I will be looking to take a sell position on nas to take to the demand zone I have marked off on chart, I will update accordingly and will only be placing a buy limit if my trading criteria is met. Would be great if you could leave a comment or liked and followed cheers. This chart material is for educational purposes only / Demo account should be traded only.
OANDA:NAS100USDShort
by Costy13
20