Index Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
NASDAQ AUSTRALIA MID-CAP TRUST INDEX (NASDAQ:NQAUMCT)
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 NQAUMCT
The long term trend has been DOWN since Apr 2nd, 2018 at 1540.06
The intermediate term trend has been UP since Apr 16th, 2018 at 1589.77
The short term trend has been UP since May 24th, 2018 at 1604.49
Smart Scan Analysis for NQAUMCT
Based on a pre-defined weighted trend formula for chart analysis, NQAUMCT scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1685.45||52wk High Date||2018-01-29|
|52wk Low||1401.21||52wk Low Date||2017-05-30|