Index Trend Analysis Report
Prepared for you on Sunday, July 22, 2018.
KBW NASDAQ FINANCIAL TECH INDEX (NASDAQ:KFTX)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
MarketClub’s Trade Triangles for KFTX
The long term trend has been UP since Aug 31st, 2017 at 1274.74
The intermediate term trend has been UP since Jul 12th, 2018 at 1646.36
The short term trend has been UP since Jul 3rd, 2018 at 1588.62
Smart Scan Analysis for KFTX
Based on a pre-defined weighted trend formula for chart analysis, KFTX scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1657.65||52wk High Date||2018-07-20|
|52wk Low||1237.53||52wk Low Date||2017-08-11|