Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
NASDAQ CANADA UTIL INDEX (NASDAQ:NQCA7000)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 NQCA7000
The long term trend has been DOWN since Jan 30th, 2018 at 951.13
The intermediate term trend has been DOWN since Jan 10th, 2018 at 961.79
The short term trend has been UP since Mar 21st, 2018 at 876.41
Smart Scan Analysis for NQCA7000
Based on a pre-defined weighted trend formula for chart analysis, NQCA7000 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||999.66||52wk High Date||2017-11-08|
|52wk Low||865.63||52wk Low Date||2018-02-14|