- The Nasdaq 100 is up 1.17% at the close of the American session.
- Mongo DB (MDB) is up 18.34%, along with Intel (INTC) which is up 9.49% today.
The Nasdaq 100 set a daily low at 19,316, finding buyers that took the index to a daily high at 19,570. Currently, the Nasdaq 100 is trading at 19,553, gaining 1.17% on the day.
Mongo DB and Intel lead Nasdaq gains
The technology company that manages databases, Mongo DB, registers a capital gain of 18.34%, to trade at $290.79, after receiving positive perspectives from several financial analysts.
On the other hand, semiconductor manufacturer Intel saw its stock price rise by 9.49%, trading at $22.04 at the close, reaching four-week highs not seen since August 2.
Technical levels on the Nasdaq 100
The Nasdaq 100 formed short-term support at 19,215, given by the August 28 low. The next key support is at 17,775, given by the August 8 pivot point, which converges with the 23.6% Fibonacci retracement. The closest resistance is at 19,936, the August 22 high, which converges with the 78.6% Fibonacci retracement.
Nasdaq 100 daily chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
