Index Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
NASDAQ DEVELOPED BASIC MATLS INDEX (NASDAQ:NQDM1000)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NQDM1000
The long term trend has been DOWN since Jul 3rd, 2018 at 1131.73
The intermediate term trend has been DOWN since Sep 7th, 2018 at 1091.36
The short term trend has been DOWN since Oct 2nd, 2018 at 1130.36
Smart Scan Analysis for NQDM1000
Based on a pre-defined weighted trend formula for chart analysis, NQDM1000 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1295.22||52wk High Date||2018-01-25|
|52wk Low||1049.05||52wk Low Date||2018-10-11|