NYSE Composite (NYA.NDX)
Close: 18 162.00 (+34.84), May 10, 2024
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Liquidity risk: | Volatility risk: |
Short term
Investors have paid higher prices over time to buy NYSE Composite and the index is in a rising trend channel in the short term. This signals increasing optimism among investors and indicates continued rise. The index has support at points 17580 and resistance at points 18300. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for NYSE Composite. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically slightly positive for the short term. Recommendation one to six weeks:
Medium term
NYSE Composite is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The index is testing resistance at points 18300. This could give a negative reaction, but an upward breakthrough of points 18300 means a positive signal. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. The index is overall assessed as technically neutral for the medium long term. Recommendation one to six months:
Long term
NYSE Composite is in a rising trend channel in the long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The index has given a positive signal from the rectangle formation by a break up through the resistance at 16675. Further rise to 18609 or more is signaled. The index has broken up through resistance at points 17300. This predicts a further rise. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. The index is overall assessed as technically positive for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.64% | 3 617.90 | +0.19% |
5 days | -32.30 | 2.10% | 3 771.70 | +2.05% |
22 days | -30.36 | 5.46% | 3 664.93 | +1.20% |
66 days | 4.11 | 10.53% | 3 894.24 | +6.81% |
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