Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
NASDAQ BRAZIL CONSUMER SERVICES INDEX (NASDAQ:NQBR5000)
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 NQBR5000
The long term trend has been UP since Oct 29th, 2018 at 1726.58
The intermediate term trend has been DOWN since Nov 13th, 2018 at 1595.99
The short term trend has been DOWN since Dec 4th, 2018 at 1618.85
Smart Scan Analysis for NQBR5000
Based on a pre-defined weighted trend formula for chart analysis, NQBR5000 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2215.68||52wk High Date||2018-01-26|
|52wk Low||1250.6||52wk Low Date||2018-09-13|