Index Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
DJ NETHERLANDS STOCK INDEX (INDEX:NLDOW)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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 NLDOW
The long term trend has been UP since Aug 15th, 2016 at 402.78
The intermediate term trend has been DOWN since Nov 14th, 2017 at 489.67
The short term trend has been DOWN since Nov 17th, 2017 at 484.92
Smart Scan Analysis for NLDOW
Based on a pre-defined weighted trend formula for chart analysis, NLDOW scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||503.71||52wk High Date||2017-11-01|
|52wk Low||391.66||52wk Low Date||2016-12-02|