Nasdaq Combined Compos (COMPX.US)

Close: 14 161.00 (+121.67), Jun 17, 2021
Weak Positive

Medium risk

Automatic technical analysis. Medium term, Jun 17, 2021

Nasdaq Combined Composite Index shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index is testing resistance at points 14200. This could give a negative reaction, but an upward breakthrough of points 14200 means a positive signal. 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 Nasdaq Combined Composite Index. 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 medium long term.

Recommendation one to six months: Weak Positive (Score: 42)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.29%0.00+0.87%
5 days0.004.00%0.00+1.01%
22 days0.0011.18%0.00+5.85%
66 days0.0024.62%0.00+5.21%

More analyses of Nasdaq Combined Composite Index

chart Nasdaq Combined Composite Index (COMPX) Candlesticks 22 Days
Candlesticks
chart Nasdaq Combined Composite Index (COMPX) Short term
Short term: Positive
chart Nasdaq Combined Composite Index (COMPX) Medium term
Medium term: Weak Positive
chart Nasdaq Combined Composite Index (COMPX) Long term
Long term: Positive
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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