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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ^IXIC
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Green day on Friday for Nasdaq index after gaining 0.44615778779265%
(Updated on Dec 08, 2023)

Buy or Hold candidate since Nov 02, 2023 Gain 8.35% PDF
The Nasdaq index price gained 0.44615778779265% on the last trading day (Friday, 8th Dec 2023), rising from 14,339.99 points to 14,403.97 points. During the last trading day the index fluctuated 1.07% from a day low at 14,264.96 points to a day high of 14,416.92 points. The price has been going up and down for this period, and there has been a 1.07% gain for the last 2 weeks. Volume fell on the last day by -259 million shares and in total, 5 billion shares were bought and sold for approximately 71.02 points trillion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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The index lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the index is expected to rise 6.43% during the next 3 months and, with a 90% probability hold a price between 13,858.56 points and 15,764.53 points at the end of this 3-month period.

^IXIC Signals & Forecast

The Nasdaq index holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 14,262.48 points and 13,732.29 points. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, October 26, 2023, and so far it has risen 14.36%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The index should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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Support, Risk & Stop-loss for Nasdaq index

Nasdaq finds support from accumulated volume at 14,229.91 points and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the index tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the index moved 151.96 points between high and low, or 1.07%. For the last week the index has had daily average volatility of 1.10%.

Our recommended stop-loss: 13,940.17 points (-3.22%) (This index has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (^IXIC) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect NASDAQ Composite to open at 14,361.95 points, and during the day (based on 14 day Average True Range), to move between 14,230.46 points and 14,577.49 points, which gives a possible trading interval of +/-173.52 points (+/-1.20%) up or down from last closing price. If NASDAQ Composite takes out the full calculated possible swing range there will be an estimated 2.41% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 14,229.91 points, some 174.06 points (1.21%) from the current price of 14,403.97 points, our system finds the risk reward attractive.

Is NASDAQ Composite index A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nasdaq index to perform well in the short-term.

Current score: 3.107 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for NASDAQ Composite of Monday, December 11, 2023

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price December 11, 2023 Current price
14,361.95 points 14,403.97 points (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14,513.91 0.763 %
R2 14,455.86 0.360 %
R1 14,420.00 0.111 %
Current price: 14,403.97
Support S1 14,303.90 -0.695 %
S2 14,268.04 -0.94 %
S3 14,209.99 -1.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 14,403.97
Support S1 14,229.91 -1.21%
S2 14,185.49 -1.52%
S3 13,708.33 -4.83%
What is the symbol for Nasdaq Index and on which exchange is it traded?
The symbol for Nasdaq is ^IXIC and it is traded on the INDEX (Global Indices).

Should I buy or sell Nasdaq Index?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nasdaq index to perform well in the short-term.

How to buy Nasdaq Index?
Nasdaq Index can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nasdaq Index.

What's the current price of Nasdaq Index?
As of the end of day on the 2023-12-08, the price of an Nasdaq (^IXIC) share was 14,403.97 points.

What is the 52-week high and low for Nasdaq Index?
The 52-week high for Nasdaq Index is 14,446.55 points and the 52-week low is 10,207.47 points.

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