Free NASDAQ Transportation Index (TRAN) Technical Analysis Signals

Overal Signal
Buy
Signals
Sell Neutral Buy Buy
Last Update / Period
05 Nov / Daily
Category/Currency
Indexes/USD
Exchange/Country
NIM/--

NASDAQ Transportation Index (TRAN) signal with technical analysis on 05 Nov

On 05 Nov, we conducted a comprehensive technical analysis of NASDAQ Transportation Index (TRAN), considering 256 signals with intricate details. Here are the key findings: 87 signals suggested buy strategies, while 73 indicated sell strategies. The remaining 96 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 9
Sell Signals: 27
Neutral Signals: 28
Result: This strategy leads to a Sell position.

Strategy 2:
Buy Signals: 23
Sell Signals: 15
Neutral Signals: 26
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 28
Sell Signals: 15
Neutral Signals: 21
Result: This strategy leads to a Buy position.

Strategy 4:
Buy Signals: 27
Sell Signals: 16
Neutral Signals: 21
Result: This strategy leads to a Buy position.

Overall Strategy:
Buy Signals: 87
Sell Signals: 73
Neutral Signals: 96
Result: This strategy leads to a Buy position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your NASDAQ Transportation Index (TRAN) investments, we highly recommend visiting the "magicalprediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for NASDAQ Transportation Index (TRAN) on , there seems to be a tendency toward a buy signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and any investment decision should be made carefully. Consider the overall market conditions and how your choices align with your specific investment goals.


Based on the above signals, we recommend the following strategies:

NASDAQ Transportation Index (TRAN) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, holding your position may be a good strategy according to our signals. However, always exercise caution and monitor market developments closely.

NASDAQ Transportation Index (TRAN) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to choose the optimal time to exit based on our signal combination. If you have a higher risk tolerance, consider waiting for market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it’s advisable to consider the projected price range. This range represents a potential upside of -100%, determined by the highest predicted price. However, before deciding to enter a buy position, be cautious and conduct thorough research to ensure it aligns with your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial for managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make more informed decisions regarding your **NASDAQ Transportation Index (TRAN)** holdings.

NASDAQ Transportation Index (TRAN) Price Analysis and Resistance Levels:

Given our current long position in NASDAQ Transportation Index (TRAN), analyzing key resistance levels is crucial to better understand its price movement. These levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (7359.98): The primary hurdle we face is the 7359.98 price level. If the current trend remains unchanged, NASDAQ Transportation Index (TRAN) could break above this level, signaling its strength and potential for further growth.

It's essential to closely monitor these resistance levels and consider them in the broader context of market trends and indicators. To make informed decisions when trading NASDAQ Transportation Index (TRAN), stay alert and continually analyze the market. By focusing on these resistance levels and considering broader market dynamics, you can make smarter trading decisions and adapt to this dynamic market.

NASDAQ Transportation Index (TRAN) technical analysis chart

NASDAQ Transportation Index (TRAN) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 7359.98 -- -- -- --
Support 6652.48 6030.57 5531.03 -- --
 NASDAQ Transportation Index (TRAN) Support and Resistance area (05 Nov)

NASDAQ Transportation Index (TRAN) signals list for 05 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

NASDAQ Transportation Index (TRAN) candlestick patterns on 05 Nov

Today's NASDAQ Transportation Index (TRAN) Candle Patterns List:

Doji Gravestone Doji Hikkake Pattern Inverted Hammer Long Legged Doji

NASDAQ Transportation Index (TRAN) technical analysis over the past days

# Date Overal Signals ALL Signals
1 04 Nov Buy SellNeutralBuyBuy
2 01 Nov Hold NeutralNeutralNeutralNeutral
3 31 Oct Hold NeutralNeutralNeutralNeutral
4 30 Oct Hold HoldHoldHoldHold
5 29 Oct Hold HoldBuyHoldHold
6 28 Oct Buy BuyNeutralHoldHold
7 25 Oct Buy NeutralNeutralBuyHold
8 24 Oct Hold HoldSellNeutralHold
9 23 Oct Neutral HoldNeutralHoldHold
10 22 Oct Sell SellNeutralHoldHold
11 21 Oct Hold NeutralHoldHoldHold
12 18 Oct Hold HoldHoldHoldHold
13 17 Oct Hold HoldHoldHoldHold
14 16 Oct Hold HoldHoldHoldHold
15 15 Oct Hold HoldHoldHoldHold
16 14 Oct Hold HoldHoldHoldHold
17 11 Oct Hold HoldHoldHoldHold
18 10 Oct Hold HoldHoldHoldHold
19 09 Oct Hold HoldBuyHoldHold
20 08 Oct Buy BuyNeutralBuyHold
21 07 Oct Sell SellNeutralNeutralHold
22 04 Oct Buy BuyBuyBuyHold
23 03 Oct Hold HoldNeutralNeutralHold
24 02 Oct Hold HoldNeutralNeutralHold
25 01 Oct Sell SellNeutralHoldHold
26 30 Sep Hold HoldHoldHoldHold
27 27 Sep Hold HoldHoldHoldHold
28 26 Sep Hold HoldHoldHoldHold
29 25 Sep Hold HoldHoldHoldHold
30 24 Sep Hold HoldHoldHoldHold

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