Nyse Composite (NYA.US)

Close: 17 631.00 (+0.44), May 1, 2024
Positive

Low risk

chart Nyse Composite (NYA) Candlesticks 22 Days
Candlesticks
chart Nyse Composite (NYA) Short term
Short term: Weak Positive
chart Nyse Composite (NYA) Medium term
Medium term: Positive
chart Nyse Composite (NYA) Long term
Long term: Positive
chart Nyse Composite (NYA)
RSI - Relative Strength Index

Short term

Nyse Composite is in a rising trend channel in the short term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The price has had a strong fall after the negative signal from the head and shoulders formation at the break down through the support at 18000. The objective at 17732 is now met, but the formation signals further development in the same direction. The index has support at points 17500 and resistance at points 17830. 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 slightly positive for the short term.

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

Medium term

Nyse Composite has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has given a positive signal from the rectangle formation by a break up through the resistance at 16667. Further rise to 18466 or more is signaled. The index has support at points 16400 and resistance at points 18300. 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 positive for the medium long term.

Recommendation one to six months: Positive (Score: 68)

Long term

Nyse Composite is in a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. The index has given a positive signal from the rectangle formation by a break up through the resistance at 16667. Further rise to 18466 or more is signaled. 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 16000 points. 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: Positive (Score: 92)


Overall analysis

Nyse Composite is technically positive for the short, medium, as well as the long term.

Recommendation one to six months: Positive (Score: 82)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.72%0.00+0.00%
5 days0.002.37%0.00-0.64%
22 days0.006.36%0.00-3.23%
66 days0.0011.65%0.00+4.03%
 


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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