Index Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
NASDAQ DEVELOPED OIL & GAS NTR INDEX (NASDAQ:NQDM0001N)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 NQDM0001N
The long term trend has been UP since Sep 13th, 2017 at 949.86
The intermediate term trend has been UP since Oct 31st, 2017 at 998.52
The short term trend has been DOWN since Jan 18th, 2018 at 1109.06
Smart Scan Analysis for NQDM0001N
Based on a pre-defined weighted trend formula for chart analysis, NQDM0001N scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1123.5||52wk High Date||2018-01-15|
|52wk Low||886.83||52wk Low Date||2017-07-07|