NYSE Composite (NYA.NDX)
Close: 19 432.00 (+236.86), Sep 19, 2024
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Liquidity risk: | Volatility risk: |
Short term
NYSE Composite has broken the rising trend up in the short term. This signals an even stronger growth rate. 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 18780 points. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the short term. Recommendation one to six weeks:
Medium term
NYSE Composite 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 18300 points. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for NYSE Composite. 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:
Long term
NYSE Composite has broken up through the ceiling of the rising trend channel in the long term, which signals an even stronger rising rate. The positive development, however, may give rise to short term corrections down from today's level. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 16675. The objective at 18609 is now met, but the formation still gives a signal in the same direction. 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 17300 points. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. The index is overall assessed as technically positive for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.58% | 4 024.53 | +1.23% |
5 days | 2.46 | 1.95% | 3 619.48 | +2.94% |
22 days | -0.19 | 5.15% | 3 396.62 | +6.73% |
66 days | -9.97 | 9.58% | 3 582.52 | +8.04% |
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