Index Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
NASDAQ BRAZIL MID-CAP TRUST INDEX (NASDAQ:NQBRMCT)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 NQBRMCT
The long term trend has been DOWN since May 3rd, 2018 at 1485.52
The intermediate term trend has been DOWN since Mar 15th, 2018 at 1573.55
The short term trend has been UP since Jun 20th, 2018 at 1267.93
Smart Scan Analysis for NQBRMCT
Based on a pre-defined weighted trend formula for chart analysis, NQBRMCT scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1677.32||52wk High Date||2018-01-26|
|52wk Low||1132.12||52wk Low Date||2018-06-07|