Nasdaq Combined Compos (COMPX.US)

Close: 15 683.00 (-181.88), Apr 17, 2024
Complete report

Algorithmic Overall Analysis

Weak Positive (Score: 27)


Apr 17, 2024. Updated daily.

Analyses


Short

Medium

Long

Overall

Low risk

Liquidity risk: Not applicableVolatility risk: Low

Investor Psychology - Behavioural Finance - Quantitative Analysis - Scientific Methods

Technical Analysis - Insider Trades - Seasonal Variations - Intraday Trading

Stock data

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.98%0.00-1.15%
5 days0.003.15%0.00-3.01%
22 days0.007.75%0.00-1.81%
66 days0.0015.61%0.00+4.76%
Price dateApr 17, 2024
CurrencyUSD
ISINXC0009694271
Rise from year low32.92%
Fall from year high-4.62%


Automatic technical analysis. Short term

chart Nasdaq Combined Composite Index (COMPX) Short term

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 price has had a strong fall after the negative signal from the rectangle formation at the break down through the support at 16080. The objective at 15731 is now met, but the formation signals further development in the same direction. The index is testing support at points 15630. This could give a positive reaction, but a downward breakthrough of points 15630 means a negative signal. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically neutral for the short term.

Recommendation one to six weeks: Hold (Score: 10)

Automatic technical analysis. Medium term

chart Nasdaq Combined Composite Index (COMPX) Medium term

Medium term

Nasdaq Combined Composite Index is in 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. However, the price 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 14300 and resistance at points 16400. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 52)

Automatic technical analysis. Long term

chart Nasdaq Combined Composite Index (COMPX) Long term

Long term

Nasdaq Combined Composite Index is in a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. The index has marginally broken down through support at points 16000. An established break predicts a further decline. The index is assessed as technically neutral for the long term.

Recommendation one to six quarters: Hold (Score: -14)

Full history

chart Nasdaq Combined Composite Index (COMPX) Full history

Candlesticks 95 days

chart Nasdaq Combined Composite Index (COMPX) chart0

Candlesticks 22 days

chart Nasdaq Combined Composite Index (COMPX) chart0

Seasonal variations

Seasonal prediction from today's date

chart Seasonal prediction from today's date
The blue line shows average price development the past 10 years, in the period from three months before to six months after today's date. The black line is actual price development in the past three months. Shaded areas are one and two standard deviations.

Monthly and annual statistics

chart Average development per month, last 10 years

Average development per month, last 10 years
chart Average development throughout the year, last 10 years

Average development throughout the year, last 10 years

Annual development from 2014 to 2023

chart 2014
2014
chart 2015
2015
chart 2016
2016
chart 2017
2017
chart 2018
2018
chart 2019
2019
chart 2020
2020
chart 2021
2021
chart 2022
2022
chart 2023
2023

Early warning

Close prices next day that when broken will generate new signals 
IndicatorPriceObjective
High-RSI18 050.85-
Short Term Trading Range16 442.20-
Last close15 683.37-
Low-RSI14 927.29-
Long Term Trading Range14 510.30-
Indicator:Type of indicator generating the signal
Price:If close price next day has crossed this value, a technical signal is created
Objective:Price target for the positive or negative signal (Only listed for patterns)

Alerts

DatePriceSignalTime spanTarget
Apr 15, 20249 999.99RectangleShort term9 999.99
Apr 15, 20249 999.99Short Term Trading RangeMedium term-1.00

Key ratios

Data missing

Help and information - Research shows the importance of Trend, Momentum and Volume

Investtech’s analyses focus on a stock’s trend status, short term momentum and volume development. These are central topics of technical analysis theory that describe changes in investor optimism or fluctuations in a company’s financial development. However, Investtech’s strong focus on these elements is due to research results that clearly indicate causation between these factors and future return on the stock market.

Trend

Rising trend
Theory: Stocks in rising trends will continue to rise.

Psychology/economy: Rising trends indicate that the company experiences positive development and increasing buy interest among investors. Read more

Research: Stocks in rising trend channels in Investtech’s medium long term charts have been followed by an annualized excess return of 7.8 percentage points compared to average benchmark development. This is shown by Investtech’s research into 34,880 cases of stocks in rising trends on the Nordic Stock Exchanges in the period 1996 to 2015.
Read more about the research results here

 

Momentum


Theory: Stocks with rising short term momentum will continue to rise. Stocks with very strong momentum (overbought) will react backwards.

Psychology/economy: RSI above 70 shows strong positive momentum. The stock has risen in the short term without any significant reactions downwards. Investors have kept paying more to buy stocks. This indicates that more investors want to buy the stock and that the price will continue to rise. Read more

Research: Stocks with strong momentum have on average continued to rise, and more so than the average stock listed on the Exchange. This is shown by Investtech’s research into 24,208 cases of stocks on the Nordic Stock Exchanges in the period 1996 to 2015 where RSI went above 70 points, indicating strong and increasing short term momentum. On average, annualized, the stocks rose the equivalent of 11.4 percentage points more than the average stock.
Read the research report here

 

Volume


Theory: Rising prices on high volume and falling prices on low volume indicate strength in a stock. Volume can confirm a rising trend or signal that a falling trend is ending.

Psychology/economy: When investors very much want to buy a stock, they have to increase the price to find new sellers. Rising price on high volume shows that some investors are so aggressive that they push the price up to be able to buy the stock. Investtech’s Volume Balance tool measures the relation between price rise and volume and measures investor aggression at rising and falling prices. Read more

Research: Stocks with volume balance above 40 have been followed by an average annual return of 4.7 percentage points on the Nordic Stock Exchanges, shown by research conducted by Investtech into 24,580 cases.
Read the research report here

 

Investtech's analyses

Investtech has combined theory, psychology and research into powerful investment tools.


Read more.

About Investtech

Investtech are behavioural finance and quantitative stock analysis specialists. The company sells analysis products to private, professional and institutional investors. Investtech manage the AIFM company Investtech Invest, which invests customers’ funds in the stock market.

Investtech’s computers analyze more than 28,000 stocks from 12 different countries every day. The analyses are presented in eight languages and sold to customers worldwide. In addition to the automatic analyses, the company’s analysts present subjective assessments and recommendations for some markets. The analyses are available to customers in the form of daily morning reports and cases, and weekly market updates and model portfolios.

Investtech’s algorithms for analysis, ranking and stock recommendations are based on research dating back to 1993. Part of the research was conducted in cooperation with Oslo University and the Norwegian Research Council. Research still has high priority for Investtech. Many of the company’s research results are available for customers on the company’s web site.

The company’s basic product starts at approx. 30 euro per month. Investtech also provides bespoke products for integration on partners’ web sites and for use in newsletters, for example to stock brokers and the media. Contact us by e-mail to info@investtech.com or by phone +47 21 555 888 for more information. A free trial subscription is available to order on our web site www.investtech.com.

Head Office

Investtech AS
Strandveien 17
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+47 21 555 888

Postal address

Investtech AS
Strandveien 17
1366 Lysaker


info@investtech.com


VAT no. 978 655 424 MVA

Research Department

Instituttveien 10
2007 Kjeller



www.investtech.com




Investor Psychology - Behavioural Finance - Quantitative Analysis - Scientific Methods

Technical Analysis - Insider Trades - Seasonal Variations - Intraday Trading







 


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.

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