Index Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
NASDAQ BRIC OIL & GAS NTR INDEX (NASDAQ:NQBRIC0001N)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 NQBRIC0001N
The long term trend has been UP since Sep 20th, 2018 at 1089.49
The intermediate term trend has been DOWN since Oct 23rd, 2018 at 1092.59
The short term trend has been UP since Nov 16th, 2018 at 1089.02
Smart Scan Analysis for NQBRIC0001N
Based on a pre-defined weighted trend formula for chart analysis, NQBRIC0001N scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1167.34||52wk High Date||2018-10-03|
|52wk Low||881.28||52wk Low Date||2017-11-16|