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Index Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
NASDAQ Composite Index CAD (NASDAQ:COMPCAD)
Long-Term Uptrend (+90) - COMPCAD is in a strong uptrend that is likely to continue. While COMPCAD 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 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.
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MarketClub’s Trade Triangles for COMPCAD
The long-term trend has been UP since Nov 14th, 2023 at 2143.78
The intermediate-term trend has been UP since May 7th, 2024 at 2504.01
The short-term trend has been UP since May 3rd, 2024 at 2455.53
Smart Scan Analysis for COMPCAD
Based on our trend formula, COMPCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2493.05 | 2501.74 | 2492.56 | 2499.97 | +2.61 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2497.36 | 0 | 2024-05-08 10:07:00 |