Nasdaq Composite: İndecision Dominates

The MACD is positive but below its signal line. The current dynamics is interrupted. In the event that the MACD becomes negative, the decline in prices could continue.

The power indicators, like the RSI, do not give us any particular indications in the short term. Stochastic indicators do not give clear signals for the coming days. Exchanged volumes are above average volumes over the past 10 days.

Movements and levels
The index is on the rise. It is above its 50-day moving average. The 20-day moving average is above the 50-day moving average. The support is at 7741.54 PTS, then at 7613.76 PTS and the resistance is at 8188.75 PTS, then at 8316.53 PTS.

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