Index Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
NASDAQ BRIC OIL & GAS NTR INDEX (NASDAQ:NQBRIC0001N)
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 NQBRIC0001N
The long term trend has been UP since Sep 1st, 2017 at 829.39
The intermediate term trend has been DOWN since Nov 14th, 2017 at 888.48
The short term trend has been DOWN since Nov 10th, 2017 at 921.10
Smart Scan Analysis for NQBRIC0001N
Based on a pre-defined weighted trend formula for chart analysis, NQBRIC0001N scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||985.82||52wk High Date||2017-09-07|
|52wk Low||709.63||52wk Low Date||2016-11-18|