Index Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
NASDAQ AUSTRALIA MID-CAP TRUST INDEX (NASDAQ:NQAUMCT)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 NQAUMCT
The long term trend has been UP since Jan 8th, 2017 at 1290.98
The intermediate term trend has been UP since Oct 13th, 2017 at 1547.45
The short term trend has been DOWN since Nov 12th, 2017 at 1570.00
Smart Scan Analysis for NQAUMCT
Based on a pre-defined weighted trend formula for chart analysis, NQAUMCT scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1583.68||52wk High Date||2017-11-09|
|52wk Low||1176.81||52wk Low Date||2016-11-21|