Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
NASDAQ DENMARK MID-CAP INDEX (NASDAQ:NQDKMC)
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 NQDKMC
The long term trend has been UP since Feb 14th, 2018 at 3079.18
The intermediate term trend has been DOWN since Aug 7th, 2018 at 3165.10
The short term trend has been DOWN since Jul 31st, 2018 at 3302.75
Smart Scan Analysis for NQDKMC
Based on a pre-defined weighted trend formula for chart analysis, NQDKMC scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3396.8||52wk High Date||2018-05-08|
|52wk Low||2765.67||52wk Low Date||2017-08-18|