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Index Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

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
11072.53 11126.04 11060.66 11082.72 -25.35
Entry Signal

MarketClub’s Trade Triangles for COMP

long term up The long-term trend has been UP since Jun 1st, 2020 at 9523.64

intermediate term up The intermediate-term trend has been UP since Apr 6th, 2020 at 7880.31

short term up The short-term trend has been UP since Jul 29th, 2020 at 10546.44

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
11072.53 11126.04 11060.66 11082.72 -25.35
Prev. Close Volume Bid Ask Time
9492.73 0 2020-08-07 11:27:40
52wk High8133.352wk High Date2018-08-30
52wk Low6630.6752wk Low Date2018-02-09
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