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Forecast for NASDAQ Composite (IXIC) Index

Updated Jul 14, 2020
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By default, this page shows the forecast made for NASDAQ Composite index on the latest available forecasting date, and for a period of up to 28 days (4-weeks) under the sections titled weekly, fortnightly and monthly forecasts. To check for the forecasts for other index/ made on other forecasting dates/ made for other target dates, please use the above form after selecting appropriate values.

As of Tuesday, 14 July 2020, the NASDAQ Composite index closed at the value of 10,488.58. Based on the closing value and based on a few other key price and value forecasting parameters, following is the probability predictions for the given target levels for the forecast of NASDAQ Composite index. These probability values - in higher-range (70%-100%) , in medium-range (50%-70%) , or in lower-range (0%-50%) - indicate the chance that the NASDAQ Composite index value may reach the mentioned target level anytime between the prediction date and the target date period (sooner or later). Simply put, the higher the probability value, the better the chance that the mentioned target level will be achieved during the target period.

How are we doing? Check Past Results of NASDAQ Composite Index Forecasts made by QForecast.com in the past!

This page is updated with new forecasts after every trading day. Bookmark it to check for latest forecasts!

Weekly Forecast for NASDAQ Composite Index (This Week)

Weekly forecasts range from one day to seven days. They are well-suited for intra-day traders who are actively - and repeatedly - buying and selling stocks, ETFs and derivative instruments. Due to the active and frequent trading activities they need to monitor the price movements at regular intervals and play in a narrow zone of price movements. Such active traders may look for very small price changes (like half a percent up or 1 percent down), and trade many number of times to make it big. For example, if one generates only a miniscule half-a-percent profit per day for each of the 250 trading days in a calendar year, then total annual profit comes to around (0.5% * 250 days = 125% annual returns), which is generating returns more than double of the trading capital.
However, such active traders need good experience in the markets and they need good discipline to book losses if the trade is not going their way. Apart from stocks and ETFs, such traders may trade in futures, options and other derivatives and any of the combinations.

Weekly forecast made on Tuesday, 14 July 2020 for target levels for NASDAQ Composite index by target date Friday, 17 July 2020 with expected probability values.
How to use this info? See a detailed live example in the FAQs section.
UP-SIDE Forecast Target Level Period Recommendation
Low probability of 41.49% that price will go UP by +0.5% to the target level of 10,541.02from Wed, 15-Jul-20 to Fri, 17-Jul-2020  A probability of 41.49% represents a risky proposition. The trade may be a gamble at your own risk.
Since other UP-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

DOWN-SIDE Forecast Target Level Period Recommendation
Since other DOWN-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

Fortnightly Forecast for NASDAQ Composite Index (Next Week)

Fortnightly forecast periods range from eight days to 14 days and similar to the weekly forecasts they are more suited for the active day-traders. Such stock market participants make short-term bets on the various financial instruments available for trading, and they regularly book profits (or losses) in small amounts several times in an attempt to make it big.

Fortnightly forecast made on Tuesday, 14 July 2020 for target levels for NASDAQ Composite index by target date Friday, 24 July 2020 with expected probability values.
How to use this info? See a detailed live example in the FAQs section.
UP-SIDE Forecast Target Level Period Recommendation
Very High probability of 80% that price will go UP by +0.5% to the target level of 10,541.02from Wed, 15-Jul-20 to Fri, 24-Jul-2020  A probability of 80% represents a very high chance of positive outcome! Trade can be made with high chance of profit.
Very High probability of 80% that price will go UP by +1% to the target level of 10,593.47from Wed, 15-Jul-20 to Fri, 24-Jul-2020  A probability of 80% represents a very high chance of positive outcome! Trade can be made with high chance of profit.
Moderate probability of 60% that price will go UP by +2% to the target level of 10,698.35from Wed, 15-Jul-20 to Fri, 24-Jul-2020  A probability of 60% represents a moderately higher chance of profitability. Trading with strict stop-loss advised for those who actively track and act on the market developments.
Low probability of 40% that price will go UP by +3% to the target level of 10,803.24from Wed, 15-Jul-20 to Fri, 24-Jul-2020  A probability of 40% represents a risky proposition. The trade may be a gamble at your own risk.
Since other UP-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

DOWN-SIDE Forecast Target Level Period Recommendation
Moderate probability of 60% that price will go DOWN by -0.5% to the target level of 10,436.14from Wed, 15-Jul-20 to Fri, 24-Jul-2020  A probability of 60% represents a moderately higher chance of profitability. Trading with strict stop-loss advised for those who actively track and act on the market developments.
Low probability of 40% that price will go DOWN by -1% to the target level of 10,383.69from Wed, 15-Jul-20 to Fri, 24-Jul-2020  A probability of 40% represents a risky proposition. The trade may be a gamble at your own risk.
Since other DOWN-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

Monthly Forecast for NASDAQ Composite Index (This Month)

Monthly forecasting inputs typically span a month - that is, their target levels are expected to be hit within a period from around 15 days to around 30 days of the prediction date. This horizon also qualifies for short-term trading, and such traders exhibit more patience to wait for entry and exit into a trade over a period of a month. Such traders allow their trades a sufficient time so that they can make a relatively better profitable move in higher amounts. They look for a little higher returns, which may be to the tune of 1 percent to 3 percent, such that their net annual returns may come to around (3% * 12 months = 36% annual returns) or similar.

Monthly forecast made on Tuesday, 14 July 2020 for target levels for NASDAQ Composite index by target date Friday, 31 July 2020 with expected probability values.
How to use this info? See a detailed live example in the FAQs section.
UP-SIDE Forecast Target Level Period Recommendation
Very High probability of 85.11% that price will go UP by +0.5% to the target level of 10,541.02from Wed, 15-Jul-20 to Fri, 31-Jul-2020  A probability of 85.11% represents a very high chance of positive outcome! Trade can be made with high chance of profit.
Good probability of 71.28% that price will go UP by +1% to the target level of 10,593.47from Wed, 15-Jul-20 to Fri, 31-Jul-2020  A probability of 71.28% represents a high chance of positive outcome. One can trade though stop-loss is advised.
Low probability of 38.3% that price will go UP by +2% to the target level of 10,698.35from Wed, 15-Jul-20 to Fri, 31-Jul-2020  A probability of 38.3% represents a risky proposition. The trade may be a gamble at your own risk.
Since other UP-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

DOWN-SIDE Forecast Target Level Period Recommendation
Average probability of 59.57% that price will go DOWN by -0.5% to the target level of 10,436.14from Wed, 15-Jul-20 to Fri, 31-Jul-2020  A probability of 59.57% represents a game of 50-50 : it may hit, it may miss. Trade at your own risk!
Low probability of 46.81% that price will go DOWN by -1% to the target level of 10,383.69from Wed, 15-Jul-20 to Fri, 31-Jul-2020  A probability of 46.81% represents a risky proposition. The trade may be a gamble at your own risk.
Low probability of 27.66% that price will go DOWN by -2% to the target level of 10,278.81from Wed, 15-Jul-20 to Fri, 31-Jul-2020  A probability of 27.66% represents a risky proposition. The trade may be a gamble at your own risk.
Since other DOWN-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

Monthly Forecast for NASDAQ Composite Index (This Month)

Monthly forecasting inputs typically span a month - that is, their target levels are expected to be hit within a period from around 15 days to around 30 days of the prediction date. This horizon also qualifies for short-term trading, and such traders exhibit more patience to wait for entry and exit into a trade over a period of a month. Such traders allow their trades a sufficient time so that they can make a relatively better profitable move in higher amounts. They look for a little higher returns, which may be to the tune of 1 percent to 3 percent, such that their net annual returns may come to around (3% * 12 months = 36% annual returns) or similar.

Monthly forecast made on Tuesday, 14 July 2020 for target levels for NASDAQ Composite index by target date Friday, 07 August 2020 with expected probability values.
How to use this info? See a detailed live example in the FAQs section.
UP-SIDE Forecast Target Level Period Recommendation
Extremely High probability of 95% that price will go UP by +0.5% to the target level of 10,541.02from Wed, 15-Jul-20 to Fri, 07-Aug-2020  A probability of 95% represents an extremely high chance of positive outcome! If not take a chance at these high probability levels, then when?
Extremely High probability of 95% that price will go UP by +1% to the target level of 10,593.47from Wed, 15-Jul-20 to Fri, 07-Aug-2020  A probability of 95% represents an extremely high chance of positive outcome! If not take a chance at these high probability levels, then when?
Extremely High probability of 95% that price will go UP by +2% to the target level of 10,698.35from Wed, 15-Jul-20 to Fri, 07-Aug-2020  A probability of 95% represents an extremely high chance of positive outcome! If not take a chance at these high probability levels, then when?
Extremely High probability of 95% that price will go UP by +3% to the target level of 10,803.24from Wed, 15-Jul-20 to Fri, 07-Aug-2020  A probability of 95% represents an extremely high chance of positive outcome! If not take a chance at these high probability levels, then when?
Low probability of 40% that price will go UP by +4% to the target level of 10,908.12from Wed, 15-Jul-20 to Fri, 07-Aug-2020  A probability of 40% represents a risky proposition. The trade may be a gamble at your own risk.
Low probability of 40% that price will go UP by +5% to the target level of 11,013.01from Wed, 15-Jul-20 to Fri, 07-Aug-2020  A probability of 40% represents a risky proposition. The trade may be a gamble at your own risk.
Since other UP-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

DOWN-SIDE Forecast Target Level Period Recommendation
Moderate probability of 60% that price will go DOWN by -0.5% to the target level of 10,436.14from Wed, 15-Jul-20 to Fri, 07-Aug-2020  A probability of 60% represents a moderately higher chance of profitability. Trading with strict stop-loss advised for those who actively track and act on the market developments.
Low probability of 40% that price will go DOWN by -1% to the target level of 10,383.69from Wed, 15-Jul-20 to Fri, 07-Aug-2020  A probability of 40% represents a risky proposition. The trade may be a gamble at your own risk.
Since other DOWN-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

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