AMEX Composite (AMEX.NDX)

Close: 4 742.30 (+31.25), Dec 26, 2024
Negative

Automatic technical analysis. Short term, Dec 26, 2024

AMEX Composite is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The price has had a strong fall after the negative signal from the head and shoulders formation at the break down through the support at 5118. The objective at 4894 is now met, but the formation signals further development in the same direction. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 4900 points. RSI below 30 shows that the momentum of the index is strongly negative in the short term. Investor have steadily reduced the price to sell the index, which indicates increasing pessimism and continued falling prices. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The index is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.92%0.00+0.66%
5 days0.003.02%0.00+0.33%
22 days0.006.76%0.00-11.80%
66 days0.0011.13%0.00-6.50%

More analyses of AMEX Composite

chart AMEX Composite (AMEX) Candlesticks 22 Days
Candlesticks
chart AMEX Composite (AMEX) Short term
Short term: Negative
chart AMEX Composite (AMEX) Medium term
Medium term: Weak Negative
chart AMEX Composite (AMEX) Long term
Long term: Positive
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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