Index Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
NASDAQ ASPA BASIC MATLS INDEX (NASDAQ:NQASPA1000)
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 NQASPA1000
The long term trend has been UP since Jun 28th, 2017 at 990.14
The intermediate term trend has been DOWN since Feb 4th, 2018 at 1231.32
The short term trend has been UP since Feb 12th, 2018 at 1156.77
Smart Scan Analysis for NQASPA1000
Based on a pre-defined weighted trend formula for chart analysis, NQASPA1000 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1277.13||52wk High Date||2018-01-29|
|52wk Low||935.87||52wk Low Date||2017-05-05|