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Index Trend Analysis Report

Prepared for you on Friday, October 19, 2018.

NASDAQ COMPOSITE INDEX (COMBINED) (NASDAQ:COMP)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

NASDAQ_COMP
Open High Low COMP Price Change
7530.16 7582.89 7428.30 7445.11 -40.03
Entry Signal

MarketClub’s Trade Triangles for COMP

long term down The long term trend has been DOWN since Oct 10th, 2018 at 7443.10

intermediate term down The intermediate term trend has been DOWN since Oct 4th, 2018 at 7880.92

short term down The short term trend has been DOWN since Oct 19th, 2018 at 7452.46

Smart Scan Analysis for COMP

Based on a pre-defined weighted trend formula for chart analysis, COMP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for COMP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7530.16 7582.89 7428.30 7445.11 -40.03
Prev. Close Volume Bid Ask Time
7485.14 0 2018-10-19 14:13:38
52wk High8133.352wk High Date2018-08-30
52wk Low6517.9352wk Low Date2017-10-25
Want to analyze NASDAQ COMPOSITE INDEX (COMBINED) COMP or another symbol? Try our Free Index Trend Analysis Report.