^IXIC Forecast and Technical Stock Analysis
Sell candidate since 2019-08-16
No changes to the price of NASDAQ Composite in the last trading day ( Monday, 19th Aug 2019 ). During the day the stock fluctuated 0.00% from a day low at $7 959.14 to a day high of $7 959.14. The price has been going up and down for this period, and there has been a 3.02% gain for the last 2 weeks.
- 30 day high of the ^IXIC stock price was $8 339.64 and low was $7 662.90.
- 90 day high was $8 339.64 and low was $7 292.22.
- 52 week high for NASDAQ Composite - $8 339.64 and low - $6 190.17.
NASDAQ Composite lies in the middle of a 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 6.46% during the next 3 months and, with 90% probability hold a price between $8 275.12 and $9 007.12 at the end of this period.
There are few to none technical positive signals at the moment. NASDAQ Composite holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $7 959.14 and $8 108.96. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday August 08, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 33 and the index is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
NASDAQ Composite finds support from accumulated volume at $7 726.04.
This index may move much during a day (volatility) and with periodic low trading volume this index is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.00%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
0.00 %Average volatility
Very Low Low Medium High Very High
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!