Data through: Nov 6, 2026 · updated Nov 6 · Updates: Daily, after market close
WThe three bars show the last 3 weeks for this indicator, oldest left to newest right. Bar height reflects each reading relative to the other two — the tallest is the highest of the three, the shortest the lowest.
Historical context: Currently in the 3rd percentile — near historically low/favorable levels.
What this means right now: The Nasdaq 100 RSI is between 30 and 40 — tech is recovering from a weak period. A year after days like these since 1985 the index was higher about three times in four (76%), slightly less often than after any day (82%).
Nasdaq 100 RSI · Daily · 1985–2026
NBER recessions
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Monthly values
Nasdaq 100 RSI — the last 12 months
Every month's reading, with the band the heatmap gives it. The chart above shows the same series in full.
Month
Value
Band
Nov 2026
RSI: 31.4 (Low)
Healthy reading
Oct 2026
RSI: 34.9 (Low)
Healthy reading
Sep 2026
RSI: 60.2 (High)
Concerning reading
Aug 2026
RSI: 52.1 (Neutral)
Within normal range
Jul 2026
RSI: 45.0 (Neutral)
Within normal range
Jun 2026
RSI: 57.0 (Neutral)
Within normal range
Month-end readings of the same series as the chart. Values are the current record, not point-in-time: a month that has since been revised shows its revised value.
What is the Nasdaq RSI?
The Nasdaq 100 RSI measures momentum in the 100 largest non-financial companies listed on the Nasdaq — the index dominated by mega-cap technology stocks like Apple, Microsoft, Nvidia, Amazon and Meta. Technology stocks swing harder than the broader market, so the Nasdaq RSI reaches more extreme levels than the S&P 500 RSI. That makes it a useful gauge of mood in the tech sector specifically.
The chart also draws the Nasdaq 100's 200-day moving average. Tech has tended to move first, on the way down and on the way back up. In the 2000, 2008 and 2022 declines the Nasdaq 100 fell below its 200-day average, and stayed there, a week ahead of the S&P 500 twice (2000, 2022) and a week behind it once (2008). It climbed back above its average first in 2001 and 2009; in 2022 the S&P 500 did.
How We Color-Code the Nasdaq RSI
Our heatmap colors this indicator against historically significant thresholds:
Below 30.0
Oversold — usually followed by a higher market a year on: after 29 of the dips below 30 from 1985 to September 2025 the Nasdaq 100 was higher, after 11 lower
30.0 – 40.0
Recovering — tech momentum rebuilding from weakness
40.0 – 60.0
Neutral — balanced tech momentum
60.0 – 70.0
Elevated — tech running ahead of itself
70.0 or above
Overbought — not usually followed by a fall: a drop of 10% or more within six months followed 10 of the 57 episodes at or above 70 since 1985, less often than after any day (30%)
Historical Extremes — What Happened Next?
When this indicator reaches extreme levels, history shows consistent patterns:
Mar 2020COVID Crash
RSI: 28.8 (Oversold)
The Nasdaq 100 was 78% higher a year after this reading. From its low on 20 March, it rose 87% in a year. Only the year from March 1999 was steeper, at +138%.
Nov 2021Tech Bubble Peak
RSI: 78.3 (Overbought)
The Nasdaq 100 was 33% lower a year later, and 35% lower at its worst. The Fed had raised its rate by four points in ten months — the steepest rise since 1980–81.
Dec 2022Rate Hike Bottom
RSI: 33.6 (Low)
The Nasdaq 100 was 58% higher a year later.
Frequently Asked Questions
Why does the Nasdaq RSI reach more extreme levels than the S&P 500 RSI?
Technology stocks swing more than the broader market. They are valued on profits expected years from now, and those expectations are more sensitive to interest rates, mood and the economic outlook. Bigger swings in the Nasdaq 100's price mean more extreme RSI readings.
What is the Nasdaq 100 and how is it different from the Nasdaq Composite?
The Nasdaq 100 (^NDX, the index this page reads) tracks the 100 largest non-financial stocks on the Nasdaq exchange, most of them mega-cap tech. The Nasdaq Composite includes all 3,000+ stocks on the exchange. The Nasdaq 100 is more concentrated and more heavily traded — QQQ, an ETF that tracks it, is one of the most traded funds in the world.
Is a high Nasdaq RSI a signal to sell tech stocks?
The history says no. Tech stocks have stayed overbought for weeks in strong rallies: in 2020–21 the RSI was at or above 70 on 63 days, across 4 separate episodes. And a year after an overbought reading the index has usually been higher. Of the 57 times the RSI has reached 70 since 1985, it was higher a year later after 49 of the 56 with a full year behind them (the passes to September 2025).
How does the 200-day moving average affect tech stock performance?
The Nasdaq 100 has spent most of its time above its 200-day average — about three days in four since 1986. The line has not separated good years from bad. A year after a day above it, the index was higher about 85% of the time. After a day below it, it was higher about 74% of the time, though with a larger typical gain.
How do the Nasdaq 100 RSI and the S&P 500 RSI differ?
The S&P 500 RSI reads the whole market; the Nasdaq 100 RSI reads the largest tech stocks. The two usually move together. Both have closed below 30 on the same day in 32 separate episodes from 1985 to September 2026. A year later the Nasdaq 100 was higher after 24 and lower after 7 (the episodes to September 2025) — the same proportion as after a Nasdaq reading alone.