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Index Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

NASDAQ Composite (NASDAQ:COMP)

Long-Term Uptrend (+90) - COMP is in a strong uptrend that is likely to continue. While COMP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid COMP?

MarketClub looks at technical strength and momentum to determine if the timing is right for COMP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_COMP
Open High Low COMP Price Change
16154.92 16247.59 16094.17 16103.45 +130.28
Entry Signal

MarketClub’s Trade Triangles for COMP

long term up The long-term trend has been UP since Nov 20th, 2023 at 14309.21

intermediate term up The intermediate-term trend has been UP since Nov 7th, 2023 at 13602.25

short term up The short-term trend has been UP since Mar 18th, 2024 at 16245.32

Smart Scan Analysis for COMP

Based on our trend formula, COMP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for COMP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16154.92 16247.59 16094.17 16103.45 +130.28
Prev. Close Volume Bid Ask Time
16103.45 0 2024-03-18 17:15:26
52wk High8133.352wk High Date2018-08-30
52wk Low6630.6752wk Low Date2018-02-09
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