Market Insights: Evaluating Nasdaq's Unexpected Bullish Turn and Potential Correction.



The Nasdaq index has experienced a strong upward trend and a rebound trajectory this week, leading to the current state where the weekly trend has entered the Bullish zone. It is anticipated that the weekly trend will continue within the Bullish zone for the foreseeable future. Moreover, the previously consistent prediction of a downward trend entering from mid-November, characterized by a weakening buying strength and strengthening selling pressure, is expected to undergo some modifications.

While it is challenging to determine whether this week's trend is a temporary strong upward movement, based on the volatility observed this week, there is a possibility that the gradual trend with mild buying strength may persist for another 1-2 weeks. However, as it appears to be a point where a peak is forming and the trend has entered the Bullish zone instead of the predicted downward trend, a transition to a correction trend is anticipated. If next week shows a marginal or limited upward movement, it may signify the initiation of the previously forecasted weakening of buying strength and an increase in selling pressure from mid-November, leading to a downward trend or correction trend.

Expectations include a limited or temporary upward movement, and overall market dynamics are likely to manifest a fluctuating trend in the future. Monitoring the market closely and adjusting strategies based on emerging trends is crucial in navigating the dynamic nature of financial markets.


Nov 13, 2023

◆ Closed price

14,125.48

2.37%

　

　

◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy]

◆Thisweek's Buy-Sell intensity analysis

The current trend appears to be 'Uptrend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing an appropriate HIGH-price to the current trend and a weaker LOW-price Finally, the CLOSE-price closed with a suitable upward rate for 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%,

This week's buy intensity is

110%

 

 

◆ Next week's Buy-Sell intensity Prediction

Based on recent market trends and technical analysis, it looks like NASDAQ will enter an Correction trend next week

The %intensity of Risk & Return next week :

78%

HIGH ~ LOW % range next week :

1.9%

0.1%

Predicted Average return over the next 3 weeks:

3.6%

 

 

 

 

 

 

 

◆ NASDAQ stock market 10 Week prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 weeks will follow a strong upward direction, with a ratio of 4 : 6 for the downward to upward direction, indicating a higher proportion of the upward trend. 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 strong uptrend in prices, marked by brief declines and strong rises. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

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 selling timing is predicted to be in 2 weeks.

The selling date is

Nov 20

to

Nov 27

A good price to sell a stock:

$ 14,573.63

And the appropriate buying timing is predicted to be in 5 weeks.

The buying date is

Dec 11

to

Dec 18

A good price to buy a stock:

$ 14,003.09

(Prediction may shift due to changes in the Buy-Sell intensity)

◆ Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

◆ Predicting the Turning Point of the Trend

The probability of a trend reversal occurring approximately 3 weeks from now, 7 weeks from now

 

◆ Prediction of Upper~Lower price range over the next 10 weeks

Price:

14,045.65

~

14,973.11

% Change:

-0.6%

~

6.0%

Median price between the upper and lower prices

14,509.38

2.7%

◆ Analysis of the trend zone & level% and average intensity of trends

For the last 30 weeks, the average trend zone & level%

Bullish

21%

The Current trend zone & level%

Bullish

5%

The expected average trend zone & level% for the next 10 weeks

Bullish

42%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

62%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-44%

(Min -100%)

◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 week: Entering a correction trend

78%

1.9%

0.1%

In 2 weeks: Entering a correction trend

16%

2.1%

-0.9%

In 3 weeks: Entering a correction trend

-31%

0.6%

-1.3%

In 4 weeks: Correction trend

-47%

0.1%

-2.2%

In 5 weeks: Correction trend

-50%

0.1%

-1.7%

In 6 weeks: Entering an uptrend

6%

0.9%

-0.5%

In 7 weeks: Entering an uptrend

93%

4.2%

0.1%

In 8 weeks: Uptrend

90%

2.4%

-0.5%

In 9 weeks: Entering a correction trend

89%

2.9%

0.0%

In 10 weeks: Entering a correction trend

-48%

0.3%

-2.1%

◆ Average closing price in case of rising:

 

2.3%

=> HIGH ~ LOW range:

3.0%

~

-1.3%

◆ Average closing price in case of falling:

 

-1.7%

=> HIGH ~ LOW range:

1.6%

~

-2.9%

The 10-week prediction and technical analysis of the NASDAQ 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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