Index Trend Analysis Report
Prepared for you on Monday, July 23, 2018.
NASDAQ ASPA CONSTRUCTION & MATLS NTR INDEX (NASDAQ:NQASPA2300N)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 NQASPA2300N
The long term trend has been DOWN since Feb 8th, 2018 at 1431.47
The intermediate term trend has been DOWN since May 18th, 2018 at 1466.94
The short term trend has been UP since Jul 22nd, 2018 at 1370.61
Smart Scan Analysis for NQASPA2300N
Based on a pre-defined weighted trend formula for chart analysis, NQASPA2300N scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1579.84||52wk High Date||2018-01-29|
|52wk Low||1332.73||52wk Low Date||2018-07-05|