NASDAQ's Recent Trends: Weakening Buy Strength and Anticipating a Downward Shift.
The NASDAQ daily index entered the Bullish zone seven days ago, signaling the initiation of an upward trend. However, in recent times, it has displayed a corrective trend. Since last Friday, there has been a notable surge in a robust upward momentum attempting to re-enter the bullish trend. Nevertheless, the current state of the market indicates that the buying strength is significantly weak for a complete transition into an upward trend. Additionally, looking at the projected trend, it appears challenging for the market to shift back into a bullish trend.
As we approach mid-November this week, there is a noticeable weakening in buying strength compared to previous weeks, and even if a strong uptrend emerges, there is a high likelihood that it may be temporary. Overall, the prevailing condition suggests a strong selling pressure, indicating the continuation of the correction trend with a gradual increase in the magnitude of the decline. This trend is expected to persist, and there is a high likelihood of the daily trend entering the Bearish zone in the upcoming week.
At the current juncture, there is an expectation of a resumption of the upward trend next week. However, the probability appears to be low, and any upward movement may be short-lived. After showing a temporary rebound, there is an anticipation of a renewed decline, signaling the onset of a strong downward trend in the upcoming week. Overall, the trajectory of the NASDAQ daily index suggests a gradual shift towards a downward trend. Planning for potential risks associated with the decline is considered a crucial core investment strategy for this week.
Nov 13, 2023 | |||
◆ Closed price | |||
13,767.74 | -0.22% |
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◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy] | |||
◆Today'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 a weaker HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a weaker decline rate than the current trend. | |||
The overall buy-sell intensity indicates that the sell intensity is stronger than the buy. | |||
Assuming that the average sell intensity is -100%, | |||
Today's sell intensity is | -64% | | |
◆ Tomorrow's Buy-Sell intensity Prediction | |||
Based on recent market trends and technical analysis, it looks like NASDAQ is poised for an Correction trend tomorrow | |||
The %intensity of Risk & Return tomorrow : | 47% | ||
HIGH ~ LOW % range tomorrow : | 0.7% | -0.1% | |
Predicted Average loss over the next 3 days: | -0.2% | ||
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◆ NASDAQ stock market 10 Day prediction [Short-term strategy] | |||
It is expected that the overall trend movement over the next 10 days will follow an ascending rectangle pattern, with a ratio of 7 : 3 for the downward to upward direction, indicating a higher proportion of the downward trend. However, in terms of the expected strength of the upward and downward movements, the downward strength is moderate, while the upward strength is somewhat higher. 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 either today or tomorrow. | |||
The selling date is | Nov 14 | | |
A good price to sell a stock: | $ 13,839.72 | ||
And the appropriate buying timing is predicted to be in 4 days. | | ||
The buying date is | Nov 16 | to | Nov 17 |
A good price to buy a stock: | $ 13,610.82 | ||
(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 7 days from now | | ||
◆ Prediction of Upper~Lower price range over the next 10 days | |||
Price: | 13,644.30 | ~ | 14,002.89 |
% Change: | -0.9% | ~ | 1.7% |
Median price between the upper and lower prices | 13,823.60 | 0.4% | |
◆ Analysis of the trend zone & level% and average intensity of trends | |||
For the last 30 days, the average trend zone & level% | Bullish | 11% | |
The Current trend zone & level% | Bullish | 72% | |
The expected average trend zone & level% for the next 10 days | Bullish | 29% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 54% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -42% | (Min -100%) | |
◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW | |||
Trend | %Intensity | HIGH | LOW |
In 1 day: Correction trend | 47% | 0.7% | -0.1% |
In 2 days: Correction trend | -40% | 0.1% | -0.5% |
In 3 days: Correction trend | -46% | 0.0% | -0.9% |
In 4 days: Correction trend | -43% | 0.0% | -0.8% |
In 5 days: Correction trend | 35% | 0.5% | -0.2% |
In 6 days: Entering an uptrend | 49% | 0.9% | 0.1% |
In 7 days: Entering an uptrend | 33% | 1.2% | 0.2% |
In 8 days: Uptrend | 80% | 0.8% | 0.1% |
In 9 days: Entering a correction trend | 82% | 0.9% | 0.3% |
In 10 days: Entering a correction trend | -38% | 0.1% | -0.8% |
◆ Average closing price in case of rising: | | 0.8% | |
=> HIGH ~ LOW range: | 1.0% | ~ | -0.2% |
◆ Average closing price in case of falling: | | -0.7% | |
=> HIGH ~ LOW range: | 0.3% | ~ | -1.1% |
The 10-day 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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