Compound Does it Again: Heads Down for the 3rd Straight Day

The Hourly View for Compound

  • Currently, COMP’s price is down $-0.01 (0%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
  • Of note is that the 20 hour changed directions on COMP; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Compound’s hourly price chart is shown below.

COMP

The Daily View for Compound

  • At the time of this writing, COMP’s price is down $-3.12 (-0.76%) from the day prior.
  • The daily chart shows that Compound has seen 3 straight down days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Of note is that the 100 day changed directions on COMP; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between COMP’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in COMP’s price.

Below is a daily price chart of Compound.

COMP

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