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Index Trend Analysis Report

Prepared for you on Friday, October 4, 2024.

NASDAQ Composite (NASDAQ:COMP)

Countertrend Up (+85) - COMP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
17859.49 18011.25 17826.42 17918.48 -6.64
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 Sep 19th, 2024 at 17909.09

short term down The short-term trend has been DOWN since Sep 30th, 2024 at 18040.62

Smart Scan Analysis for COMP

Based on our trend formula, COMP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for COMP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17859.49 18011.25 17826.42 17918.48 -6.64
Prev. Close Volume Bid Ask Time
17918.48 0 2024-10-03 17:15:01
52wk High8133.352wk High Date2018-08-30
52wk Low6630.6752wk Low Date2018-02-09
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