USMAI: Weekly US Market Composite Index: Navigating the Current Correction Trend and Future Projections for 2024.
This week, the weekly trend of the US Market Composite Index (USMAI) appears to be showing signs of entering a correction trend. It is likely to undergo a transition to a correction trend soon, and a correction trend is anticipated over the next 2 to 3 weeks. Following this, around mid to late January, there seems to be a trend indicating a transition back to an upward trend. However, this is expected to be a brief phase, and afterwards, a strengthening selling pressure is likely to emerge, indicating an overall increase in selling intensity.
The currently predicted target of a 5000-point increase is subject to a high likelihood of change, and even if reached, there is a very high probability that it will be a temporary peak. In February, the possibility of entering the Bearish zone is gradually increasing. Looking at the overall trend of 2024 divided into the first and second halves, the first half seems to exhibit a generally bearish trend, while as we approach the second half, the buying intensity is expected to strengthen, leading to an upward trajectory.
Dec 25, 2023 | |||
◆ Closed price | |||
4,802.21 | 0.39% |
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◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy] | |||
◆This week's Buy-Sell intensity analysis | |||
The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a stronger upward 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 upward 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%, | |||
This week's buy intensity is | 44% | | |
◆ Next week'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 next week | |||
The %intensity of Risk & Return next week : | -48% | ||
HIGH ~ LOW % range next week : | 0.3% | -1.3% | |
Predicted Average loss over the next 3 weeks: | -1.9% | ||
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◆ US Stock Market Average Index price futures 10 Week prediction [Short-term strategy] | |||
It is expected that the overall trend movement over the next 10 weeks will follow an ascending rectangle pattern, with a ratio of 10 : 0 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 about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. 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 buying timing is predicted to be in 2 weeks. | |||
The buying date is | Jan 01 | to | Jan 08 |
A good price to buy a stock: | $ 4,687.96 | ||
And the appropriate selling timing is predicted to be in 6 weeks. | |||
The selling date is | Jan 29 | to | Feb 05 |
A good price to sell a stock: | $ 5,004.27 | ||
(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 This week and approximately 6 weeks from now | | ||
◆ Prediction of Upper~Lower price range over the next 10 weeks | |||
Price: | 4,718.96 | ~ | 4,976.58 |
% Change: | -1.7% | ~ | 3.6% |
Median price between the upper and lower prices | 4,847.77 | 0.9% | |
◆ Analysis of the trend zone & level% and average intensity of trends | |||
For the last 30 weeks, the average trend zone & level% | Bullish | 22% | |
The Current trend zone & level% | Bullish | 112% | |
The expected average trend zone & level% for the next 10 weeks | Bullish | 66% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 57% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -46% | (Min -100%) | |
◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW | |||
Trend | %Intensity | HIGH | LOW |
In 1 week: Correction trend | -48% | 0.3% | -1.3% |
In 2 weeks: Entering an uptrend | -50% | 0.2% | -1.7% |
In 3 weeks: Entering an uptrend | 61% | 1.8% | 0.0% |
In 4 weeks: Entering an uptrend | 72% | 2.5% | -0.5% |
In 5 weeks: Entering an uptrend | 74% | 2.6% | 0.2% |
In 6 weeks: Reversion to a correction trend | 55% | 1.3% | 0.0% |
In 7 weeks: Correction trend | -45% | 0.4% | -1.4% |
In 8 weeks: Correction trend | -45% | 0.3% | -1.4% |
In 9 weeks: Correction trend | -44% | 0.2% | -1.3% |
In 10 weeks: Entering an uptrend | 20% | 0.9% | -0.6% |
◆ Average closing price in case of rising: | | 1.8% | |
=> HIGH ~ LOW range: | 2.3% | ~ | -1.1% |
◆ Average closing price in case of falling: | | -1.4% | |
=> HIGH ~ LOW range: | 1.2% | ~ | -2.5% |
The 10-week 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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