Market Analysis: Challenges in Sustaining Recent Upward Trend.
The daily trend of the US stock market average index had shown signs of entering an upward trend from the previous day, and on November 29th, today, it exhibited a promising upward momentum, transitioning into an uptrend. However, it failed to sustain the upward momentum during the trading session, with buying strength weakening, leading to a closing in a slightly consolidating manner. Despite this current state, the overall outlook suggests a reversion to a corrective trend, yet it is anticipated that the market will soon display a renewed inclination towards an upward trend.
Nov 29, 2023 | |||
◆ Closed price | |||
4,568.80 | -0.08% |
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◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy] | |||
◆Today's Buy-Sell intensity analysis | |||
The current trend appears to be 'Correction trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a stronger HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a weaker decline rate than the current trend. | |||
The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell. | |||
Assuming that the average buy intensity is 100%, | |||
Today's buy intensity is | 169% | | |
◆ Tomorrow's Buy-Sell intensity Prediction | |||
Based on recent market trends and technical analysis, it looks like US Stock Market Average Index is poised for an Correction trend tomorrow | |||
The %intensity of Risk & Return tomorrow : | 67% | ||
HIGH ~ LOW % range tomorrow : | 0.7% | -0.1% | |
Predicted Average return over the next 3 days: | 1.8% | ||
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◆ US Stock Market Average Index price futures 10 Day prediction [Short-term strategy] | |||
It is expected that the overall trend movement over the next 10 days will follow a strong upward direction, with a ratio of 5 : 5 for the downward to upward direction, with the proportion of the upward and downward trend being equal. And, in terms of the expected strength of the upward and downward movements, the upward strength is somewhat higher, while the downward strength is moderate. Currently, it's in the midst of a correction trend in a downward-trending market with a box pattern of price fluctuations, marked by small increases and downward fluctuations. and The Buy-Sell intensity has changed from a weak selling flow to a strengthening selling flow again. | |||
Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be either today or tomorrow. | |||
The buying date is | Nov 30 | | |
A good price to buy a stock: | $ 4,571.37 | ||
And the appropriate selling timing is predicted to be in 5 days. | | ||
The selling date is | Dec 05 | to | Dec 06 |
A good price to sell a stock: | $ 4,700.46 | ||
(Prediction may shift due to changes in the Buy-Sell intensity) | |||
◆ Volatility of Prediction | |||
Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile. | |||
◆ Predicting the Turning Point of the Trend | |||
The probability of a trend reversal occurring approximately 2 days from now, 7 days from now | | ||
◆ Prediction of Upper~Lower price range over the next 10 days | |||
Price: | 4,564.23 | ~ | 4,684.46 |
% Change: | -0.1% | ~ | 2.5% |
Median price between the upper and lower prices | 4,624.35 | 1.2% | |
◆ Analysis of the trend zone & level% and average intensity of trends | |||
For the last 30 days, the average trend zone & level% | Bullish | 18% | |
The Current trend zone & level% | Bullish | 44% | |
The expected average trend zone & level% for the next 10 days | Bullish | 61% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 65% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -32% | (Min -100%) | |
◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW | |||
Trend | %Intensity | HIGH | LOW |
In 1 day: Correction trend | 67% | 0.7% | -0.1% |
In 2 days: Entering an uptrend | 73% | 0.6% | -0.3% |
In 3 days: Uptrend | 93% | 1.0% | 0.1% |
In 4 days: Uptrend | 90% | 0.8% | 0.0% |
In 5 days: Uptrend | 53% | 0.5% | -0.1% |
In 6 days: Entering a correction trend | -32% | 0.1% | -0.2% |
In 7 days: Entering a correction trend | -44% | 0.2% | -0.4% |
In 8 days: Correction trend | -27% | 0.1% | -0.1% |
In 9 days: Temporary an uptrend | -25% | 0.1% | -0.1% |
In 10 days: Correction trend | 13% | 0.3% | 0.0% |
◆ Average closing price in case of rising: | | 0.6% | |
=> HIGH ~ LOW range: | 0.8% | ~ | -0.2% |
◆ Average closing price in case of falling: | | -0.4% | |
=> HIGH ~ LOW range: | 0.4% | ~ | -0.7% |
The 10-day prediction and technical analysis of the US Stock Market Average Index index are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis. |
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