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Technology Stocks Weigh on the Nasdaq

Technical Analysis
By Mostafa Mahmoud
Technology Stocks Weigh on the Nasdaq
0 4

NASDAQ

ناسداك 28-7-2026

NASDAQ Index is trading above the $27,600 support level, and prices are expected to target the $29,100 resistance level. This scenario will be invalidated if prices break below the previously mentioned support level.

Support

 27600 27000
Resistance 29100

30000

The Nasdaq posted gains, supported by renewed momentum in technology stocks as investors grew increasingly optimistic ahead of earnings reports from major tech companies due later this week, while also awaiting the Federal Reserve’s interest rate decision. Improved market sentiment and easing geopolitical concerns further boosted risk appetite, encouraging investors to return to high growth equities. Despite the rally, the index’s near term direction remains heavily dependent on corporate earnings and the Federal Reserve’s guidance, both of which are expected to play a key role in shaping the outlook for technology stocks in the coming period.

Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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