Index Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
NASDAQ CANADA BASIC MATLS NTR INDEX (NASDAQ:NQCA1000N)
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 NQCA1000N
The long term trend has been DOWN since Jul 30th, 2018 at 555.01
The intermediate term trend has been DOWN since Oct 10th, 2018 at 480.75
The short term trend has been DOWN since Oct 18th, 2018 at 497.88
Smart Scan Analysis for NQCA1000N
Based on a pre-defined weighted trend formula for chart analysis, NQCA1000N scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||638.67||52wk High Date||2018-01-15|
|52wk Low||458.01||52wk Low Date||2018-09-11|