Index Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
NASDAQ Composite (NASDAQ:COMP)
Weak Downtrend (-65) - COMP is showing signs of a strengthening downtrend. Monitor COMP as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for COMP
The long-term trend has been UP since Jan 27th, 2023 at 11571.64
The intermediate-term trend has been DOWN since Sep 19th, 2023 at 13626.64
The short-term trend has been DOWN since Sep 15th, 2023 at 13733.82
Smart Scan Analysis for COMP
Based on our trend formula, COMP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||8133.3||52wk High Date||2018-08-30|
|52wk Low||6630.67||52wk Low Date||2018-02-09|