Free NYSE American Composite Index (XAX) Technical Analysis Signals

Overal Signal
Buy
Signals
Buy Neutral Hold Hold
Last Update / Period
03 Jan / Daily
Category/Currency
Indexes/USD
Exchange/Country
NYS/--

NYSE American Composite Index (XAX) signal with technical analysis on 03 Jan

On 03 Jan, we conducted a comprehensive technical analysis of NYSE American Composite Index (XAX), considering 256 signals with intricate details. Here are the key findings: 79 signals suggested buy strategies, while 89 indicated sell strategies. The remaining 88 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: 37
Sell Signals: 5
Neutral Signals: 22
Result: This strategy leads to a Buy position.

Strategy 2:
Buy Signals: 19
Sell Signals: 25
Neutral Signals: 20
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 15
Sell Signals: 27
Neutral Signals: 22
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 8
Sell Signals: 32
Neutral Signals: 24
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 79
Sell Signals: 89
Neutral Signals: 88
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 NYSE American Composite Index (XAX) 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 NYSE American Composite Index (XAX) 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:

NYSE American Composite Index (XAX) 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.

NYSE American Composite Index (XAX) 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 7.16%, 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 **NYSE American Composite Index (XAX)** holdings.

NYSE American Composite Index (XAX) Price Analysis and Resistance Levels:

Given our current long position in NYSE American Composite Index (XAX), 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 (5053.61): The primary hurdle we face is the 5053.61 price level. If the current trend remains unchanged, NYSE American Composite Index (XAX) could break above this level, signaling its strength and potential for further growth.

Second resistance level (5094.94): If the upward trend continues with significant strength, we may see NYSE American Composite Index (XAX) cross the second resistance level at 5094.94, indicating a major upside move and a promising direction for our position.

Third resistance level (5336.11): For a more comprehensive analysis, consider a scenario where NYSE American Composite Index (XAX) not only breaks the second resistance level but holds its price above this mark. If this trend continues in the coming days, NYSE American Composite Index (XAX) could potentially reach the third resistance level of 5336.11.
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 NYSE American Composite Index (XAX), 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.

NYSE American Composite Index (XAX) technical analysis chart

NYSE American Composite Index (XAX) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 5053.61 5094.94 5336.11 5394.98 5464.95
Support 4618.41 4554.48 4332.72 -- --
 NYSE American Composite Index (XAX) Support and Resistance area (03 Jan)

NYSE American Composite Index (XAX) signals list for 03 Jan

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

NYSE American Composite Index (XAX) candlestick patterns on 03 Jan

Today's NYSE American Composite Index (XAX) Candle Patterns List:

Belt-hold Hikkake Pattern

NYSE American Composite Index (XAX) technical analysis over the past days

# Date Overal Signals ALL Signals
1 02 Jan Buy BuyNeutralHoldHold
2 31 Dec Hold NeutralHoldHoldHold
3 30 Dec Sell SellHoldHoldHold
4 27 Dec Hold NeutralHoldHoldHold
5 26 Dec Buy BuyHoldHoldHold
6 24 Dec Hold NeutralHoldHoldHold
7 23 Dec Hold HoldHoldHoldHold
8 20 Dec Hold HoldHoldHoldHold
9 19 Dec Hold HoldHoldHoldHold
10 18 Dec Hold HoldHoldHoldHold
11 17 Dec Hold HoldHoldHoldHold
12 16 Dec Hold HoldHoldHoldHold
13 13 Dec Hold HoldHoldHoldHold
14 12 Dec Sell SellSellSellSell
15 11 Dec Buy BuyBuyNeutralNeutral
16 10 Dec Hold NeutralHoldHoldHold
17 09 Dec Hold NeutralHoldHoldHold
18 06 Dec Hold HoldHoldHoldHold
19 05 Dec Hold NeutralHoldHoldHold
20 04 Dec Hold HoldHoldHoldHold
21 03 Dec Hold HoldHoldHoldHold
22 02 Dec Hold HoldHoldNeutralNeutral
23 29 Nov Hold HoldHoldNeutralNeutral
24 27 Nov Sell HoldHoldSellHold
25 26 Nov Sell SellNeutralNeutralSell
26 25 Nov Hold NeutralHoldHoldHold
27 22 Nov Hold HoldHoldHoldHold
28 21 Nov Hold HoldHoldHoldHold
29 20 Nov Buy HoldHoldHoldBuy
30 19 Nov Hold HoldHoldHoldNeutral

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