Index Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
NASDAQ DEVELOPED OIL & GAS TRUST INDEX (NASDAQ:NQDM0001T)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 NQDM0001T
The long term trend has been UP since May 7th, 2018 at 1142.44
The intermediate term trend has been UP since Apr 5th, 2018 at 1051.23
The short term trend has been DOWN since May 23rd, 2018 at 1195.33
Smart Scan Analysis for NQDM0001T
Based on a pre-defined weighted trend formula for chart analysis, NQDM0001T scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1214.27||52wk High Date||2018-05-22|
|52wk Low||914.57||52wk Low Date||2017-07-07|