NASDAQ Forecast Now and How to Apply It Right

Overview

This post will contain both the current and previous NASDAQ forecasts. The forecast, its patterns, and how to interpret them will also be discussed.

NASDAQ Forecast and Charts

A number of different algorithms are used to carry out the calculations. In addition to historical NASDAQ values over the previous five years, this forecast takes into account other variables such as stock market indices and economic data to arrive at its forecast.

May 1, 2022, NASDAQ Forecast

On April 29, 2022, the NASDAQ index closed at 12,335. The NASDAQ index, which hit an all-time high of 16,212 in 2021, has been under pressure ever since. The forecast model expected a sideways and then declining trend for the rest of 2022.

The NASDAQ index has been trading between 14,000 and 16,000 since June, but it finally fell below 14,000 this month. The Federal Reserve has raised interest rates by 0.75 percent this year and will keep doing so to combat rising inflation and warn against the economic consequences of Russia’s invasion of Ukraine. Higher food, energy, and commodity prices may soon slow consumer spending, affecting corporate earnings and slowing economic growth. COVID’s impact on global trade continues to grow as shipping costs rise and delays become routine. High energy costs drive up shipping costs, and a labor shortage among trucking companies compounds the issue. Inflation and supply chain issues are likely to continue through 2022. Price and market volatility will probably continue.

Month		Forecast
May-22		14,025
Jun-22		14,743
Jul-22		14,982
Aug-22		15,622
Sep-22		14,757
Oct-22		15,382
Nov-22		15,475
Dec-22		15,600
Jan-23		14,509
Feb-23		14,217
Mar-23		14,576
Apr-23		13,232



NASDAQ Forecast model on MAY 1, 2022.

April 1, 2022, NASDAQ Forecast

On March 31, 2022, the NASDAQ index closed at 14,220. The NASDAQ index, which hit an all-time high of 16,212 in 2021, has been under pressure ever since. The forecast model still predicted that the index would rise slightly before settling into a steady pattern for the rest of 2022.

The NASDAQ index stayed between 14,000 and 16,000, as did the model projection. The Federal Reserve is raising interest rates to combat growing inflation and warn about the economic consequences of Russia’s invasion of Ukraine. Constrained consumer spending may soon impact corporate earnings and so hinder economic growth. Equities confront a double threat as the Federal Reserve tightens its monetary policies and the Russian-Ukrainian conflict may slow economic growth. Inflation and supply chain problems will probably persist. Price and market volatility are likely to remain.

Month		Forecast
Apr-22		14,897
May-22		14,801
Jun-22		15,533
Jul-22		15,750
Aug-22		16,330
Sep-22		15,370
Oct-22		15,845
Nov-22		15,968
Dec-22		16,095
Jan-23		15,114
Feb-23		14,911
Mar-23		15,258


NASDAQ Forecast model on APRIL 1, 2022.

The forecast model continued to predict a gain in the NASDAQ index based on the March closing price. It indicated a small upward rise in the following months before grinding to a halt. This might mean a setback in the near term. Due to the uncertainty, investors should proceed with caution. One thing to examine is using a covered call strategy.

SP 500 Forecast

The forecast for the SP 500 is also available. You can read about it here.

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