Nasdaq Combined Compos (COMPX.US)

Close: 13 389.00 (-12.43), May 11, 2021
Weak Positive

Medium risk

chart Nasdaq Combined Composite Index (COMPX) Candlesticks 22 Days
Candlesticks
chart Nasdaq Combined Composite Index (COMPX) Short term
Short term: Weak Positive
chart Nasdaq Combined Composite Index (COMPX) Medium term
Medium term: Hold
chart Nasdaq Combined Composite Index (COMPX) Long term
Long term: Weak 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 has support at points 12960 and resistance at points 13530. The index is assessed as technically slightly positive for the short term.

Recommendation one to six weeks: Weak Positive (Score: 29)

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 is approacing resistance at 14100 points, which may give a negative reaction. However, a break upwards through 14100 points will be a positive signal. The RSI curve shows a falling trend, which could be an early signal for the start of a falling trend for the price as well. The index is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: -4)

Long term

Nasdaq Combined Composite Index has broken up through the ceiling of the rising trend channel in the long term, which signals an even stronger rising rate. The positive development, however, may give rise to short term corrections down from today's level. The index is approacing resistance at 14000 points, which may give a negative reaction. However, a break upwards through 14000 points will be a positive signal. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically slightly positive for the long term.

Recommendation one to six quarters: Weak Positive (Score: 26)


Overall analysis

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

Recommendation one to six months: Weak Positive (Score: 28)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.27%0.00-0.09%
5 days0.003.93%0.00-1.79%
22 days0.0010.95%0.00-3.67%
66 days0.0024.91%0.00-2.82%
 


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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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