The Bloomberg screen below shows the Nasdaq Index price over the last year. Describe the technical indicator used from the chartist and what trade signal it may suggest.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The Bloomberg screen below shows the Nasdaq Index price over the last year. Describe
the technical indicator used from the chartist and what trade signal it may suggest.
CCMP
€T On 03
CCMP Index
11/04/2020
Study RSI
1D 3D 1M 6M YTD 1Y 5Y Max Daily
Volume 1.000B
IRSI (14) on Close (CCMP) 75.3572
Nov
C 15811.58 +161.98
Nov 0 15658.52 H 15821.58 L 15616.44 Prev 15811.58
94) Suggested Charts 96) Actions 97) Edit
11/04/2021 Last Px
Local CCY
Mov Avgs
Period 14 Overbought 70 Oversold 30
1
Table + Compare ▾ Add Data
Track Annotate News Zoom
Key Events
2020
Dec
Jan
Feb
Mar
Apr
May
Jun
06/03/21
Jul
Aug
Relative Strength Index
ไปได้
Sep
Edit Chart *
Oct
15811.5801
15013.0596
14198.1699
Last Price
THigh on 11/03/21
Average
15811.5801
15821.5801 12000
13839.5049
Z-VOU
1 Low on 11/04/20 11394.21 11075.4473
ISMAVG (50) on Close 15013.0596
SMAVG (100) on Close 14805.082
SMAVG (200) on Close 14198.1699
13000
10000
3B
2B
1.000B
-0
100
75.3572
-50
-0
Transcribed Image Text:The Bloomberg screen below shows the Nasdaq Index price over the last year. Describe the technical indicator used from the chartist and what trade signal it may suggest. CCMP €T On 03 CCMP Index 11/04/2020 Study RSI 1D 3D 1M 6M YTD 1Y 5Y Max Daily Volume 1.000B IRSI (14) on Close (CCMP) 75.3572 Nov C 15811.58 +161.98 Nov 0 15658.52 H 15821.58 L 15616.44 Prev 15811.58 94) Suggested Charts 96) Actions 97) Edit 11/04/2021 Last Px Local CCY Mov Avgs Period 14 Overbought 70 Oversold 30 1 Table + Compare ▾ Add Data Track Annotate News Zoom Key Events 2020 Dec Jan Feb Mar Apr May Jun 06/03/21 Jul Aug Relative Strength Index ไปได้ Sep Edit Chart * Oct 15811.5801 15013.0596 14198.1699 Last Price THigh on 11/03/21 Average 15811.5801 15821.5801 12000 13839.5049 Z-VOU 1 Low on 11/04/20 11394.21 11075.4473 ISMAVG (50) on Close 15013.0596 SMAVG (100) on Close 14805.082 SMAVG (200) on Close 14198.1699 13000 10000 3B 2B 1.000B -0 100 75.3572 -50 -0
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