Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
NASDAQ ASPA UTIL INDEX (NASDAQ:NQASPA7000)
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 NQASPA7000
The long term trend has been UP since Apr 30th, 2018 at 1116.26
The intermediate term trend has been DOWN since May 22nd, 2018 at 1108.02
The short term trend has been DOWN since May 22nd, 2018 at 1109.09
Smart Scan Analysis for NQASPA7000
Based on a pre-defined weighted trend formula for chart analysis, NQASPA7000 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1129.63||52wk High Date||2018-05-08|
|52wk Low||1034.68||52wk Low Date||2018-02-09|