Nasdaq Combined Compos (COMPX.US)

Close: 12 920.00 (+196.68), Mar 5, 2021
Positive

Medium risk

chart Nasdaq Combined Composite Index (COMPX) Candlesticks 22 Days
Candlesticks
chart Nasdaq Combined Composite Index (COMPX) Short term
Short term: Hold
chart Nasdaq Combined Composite Index (COMPX) Medium term
Medium term: Hold
chart Nasdaq Combined Composite Index (COMPX) Long term
Long term: Positive
chart Nasdaq Combined Composite Index (COMPX)
RSI - Relative Strength Index

Short term

Nasdaq Combined Composite Index has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index is approacing resistance at 13100 points, which may give a negative reaction. However, a break upwards through 13100 points will be a positive signal. RSI below 30 shows that the momentum of the index is strongly negative in the short term. Investor have steadily reduced the price to sell the index, which indicates increasing pessimism and continued falling prices. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The index is overall assessed as technically neutral for the short term.

Recommendation one to six weeks: Hold (Score: 0)

Medium term

Nasdaq Combined Composite Index has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has broken a support level in the short term and given a negative signal for the short term trading range. The index has support at points 12000 and resistance at points 14000. The index is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: 19)

Long term

Nasdaq Combined Composite Index has broken the rising trend up in the long term, which indicates an even stronger rising rate. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 8000 points. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive (Score: 91)


Overall analysis

Nasdaq Combined Composite Index is technically neutral for the short and medium term, but positive for the long term.

Recommendation one to six months: Positive (Score: 56)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.26%0.00+1.55%
5 days0.003.83%0.00-2.06%
22 days0.0010.61%0.00-5.09%
66 days0.0025.08%0.00+5.85%
 


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.


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.

Titlex

OK