Based on the analysis of technical indicators and recent market news, the Nasdaq Composite (NDAQ) is expected to decline further in the next trading week. The stock is currently in a bearish trend, with oversold conditions indicated by the RSI and negative MACD signals.
Predicted Price: 72.00
Recommendation: Sell
The bearish momentum, combined with negative market sentiment due to tariff concerns and economic uncertainty, suggests that NDAQ will likely test lower support levels next week.
The price of NDAQ is predicted to go up -1.74%, based on the high correlation periods with HOLX. The similarity of these two price pattern on the periods is 97.48%.
NDAQ
HOLX
Nasdaq continues to see strong growth from its newer more data-focused business lines as the company continues to invest in its data and technology offerings.
Nasdaq's market data and brand are valuable intangible assets that the company has monetized through its listings, index, and data products.
The company's listing business has outperformed in recent years, winning the majority of newly listed securities.
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