Index Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
NASDAQ BRAZIL MID-CAP TRUST INDEX (NASDAQ:NQBRMCT)
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 NQBRMCT
The long term trend has been DOWN since May 3rd, 2018 at 1485.52
The intermediate term trend has been DOWN since Aug 13th, 2018 at 1263.89
The short term trend has been UP since Sep 17th, 2018 at 1146.23
Smart Scan Analysis for NQBRMCT
Based on a pre-defined weighted trend formula for chart analysis, NQBRMCT scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1677.32||52wk High Date||2018-01-26|
|52wk Low||1107.58||52wk Low Date||2018-09-14|