Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
NASDAQ BRIC OIL & GAS INDEX (NASDAQ:NQBRIC0001)
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 NQBRIC0001
The long term trend has been UP since Sep 24th, 2018 at 911.66
The intermediate term trend has been DOWN since Oct 23rd, 2018 at 907.49
The short term trend has been DOWN since Nov 8th, 2018 at 930.62
Smart Scan Analysis for NQBRIC0001
Based on a pre-defined weighted trend formula for chart analysis, NQBRIC0001 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||971.79||52wk High Date||2018-10-03|
|52wk Low||759.36||52wk Low Date||2017-11-16|