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Investtech Indices
Nasdaq Combined Compos (COMPX.US)
Close: 19 404.00 (+185.78), Dec 2, 2024
Positive
Low risk
Candlesticks
Short term: Positive
Medium term: Positive
Long term: Positive
Short term
Nasdaq Combined Composite Index shows strong development within a rising trend channel in the short term. This signals increasing optimism among investors and indicates continued rise. The index has broken up through resistance at points 19300. This predicts a further rise. In case of negative reactions, there will now be support at points 19300. The index is assessed as technically positive for the short term.Recommendation one to six weeks: Positive (Score: 91)
Medium term
Nasdaq Combined Composite Index is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 18600 points. RSI is above 70 after a good price increase the past weeks. The index has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.Recommendation one to six months: Positive (Score: 91)
Long term
Nasdaq Combined Composite Index is in a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 16000 points. The index is assessed as technically positive for the long term.Recommendation one to six quarters: Positive (Score: 90)
Overall analysis
Nasdaq Combined Composite Index is technically positive for the short, medium, as well as the long term.Recommendation one to six months: Positive (Score: 92)
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The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
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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