Index Trend Analysis Report
Prepared for you on Tuesday, November 29, 2022.
NASDAQ Composite (NASDAQ:COMP)
Crossroads (+60) - COMP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Oct 10th, 2022 at 10572.33
The intermediate-term trend has been UP since Nov 11th, 2022 at 11210.38
The short-term trend has been UP since Nov 23rd, 2022 at 11259.44
Smart Scan Analysis for COMP
Based on our trend formula, COMP is rated as a +60 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|