Index Trend Analysis Report
Prepared for you on Thursday, July 7, 2022.
NASDAQ Composite Index CAD (NASDAQ:COMPCAD)
Sidelines Mode (-55) - COMPCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid COMPCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for COMPCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for COMPCAD
The long-term trend has been DOWN since Jan 20th, 2022 at 1994.44
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 1593.37
The short-term trend has been UP since Jul 5th, 2022 at 1616.70
Smart Scan Analysis for COMPCAD
Based on our trend formula, COMPCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).