Compound Enters Today Up 0.54%

The Hourly View for Compound

  • Currently, COMP’s price is up $1.63 (0.39%) from the hour prior.
  • The hourly chart shows that Compound has seen 2 straight up hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • 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 moment, COMP’s price is up $2.3 (0.54%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • Of note is that the 200 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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