Index Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
NASDAQ AUSTRALIA MID-CAP INDEX (NASDAQ:NQAUMC)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NQAUMC
The long term trend has been DOWN since Feb 8th, 2018 at 1223.79
The intermediate term trend has been UP since Apr 16th, 2018 at 1245.11
The short term trend has been UP since May 20th, 2018 at 1251.52
Smart Scan Analysis for NQAUMC
Based on a pre-defined weighted trend formula for chart analysis, NQAUMC scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1336.63||52wk High Date||2018-01-29|
|52wk Low||1139.28||52wk Low Date||2017-07-07|