Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
NASDAQ ASPA UTIL INDEX (NASDAQ:NQASPA7000)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 NQASPA7000
The long term trend has been DOWN since Jul 2nd, 2018 at 1057.29
The intermediate term trend has been DOWN since Aug 12th, 2018 at 1072.48
The short term trend has been UP since Oct 16th, 2018 at 1017.27
Smart Scan Analysis for NQASPA7000
Based on a pre-defined weighted trend formula for chart analysis, NQASPA7000 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1129.63||52wk High Date||2018-05-08|
|52wk Low||1008.29||52wk Low Date||2018-10-15|