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.
MarketClub’s Trade Triangles for COMP
The long-term trend has been UP since Jun 1st, 2020 at 9523.64
The intermediate-term trend has been UP since Apr 6th, 2020 at 7880.31
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).
|52wk High||8133.3||52wk High Date||2018-08-30|
|52wk Low||6630.67||52wk Low Date||2018-02-09|