Index Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
NASDAQ COMPOSITE INDEX (COMBINED) (NASDAQ:COMP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for COMP
The long term trend has been DOWN since Oct 10th, 2018 at 7443.10
The intermediate term trend has been UP since Jan 9th, 2019 at 6931.81
The short term trend has been DOWN since Jan 22nd, 2019 at 7003.62
Smart Scan Analysis for COMP
Based on a pre-defined weighted trend formula for chart analysis, COMP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||8133.3||52wk High Date||2018-08-30|
|52wk Low||6630.67||52wk Low Date||2018-02-09|