Nasdaq Volatility Analysis 21-25 Nov 2022

Nasdaq Volatility Analysis 21-25 Nov 2022

We can see that currently the implied volatility for this week is around 4.07%, down from 4.26% last week according to VXN data
(US Nasdaq Volatility Index )

With this in mind, currently from ATR point of view we are located in the 78th percentile, while according to VXN, we are on 39th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 3.58% movement
Bearish: 3.47% movement

At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 23.6% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 12221
BOT: 11224

Taking into consideration the previous weekly high/low, currently for this candle there is :
66% probability we are going to touch previous low of 11520
36% probability we are going to touch previous high of 12130


Lastly, from the technical analysis point of view, currently 40% of the weekly moving averages are in a bearish trend, and
a combination of moving averages and oscillators are in 15% bearish stance