Index Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
NASDAQ DEVELOPED BASIC MATLS INDEX (NASDAQ:NQDM1000)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Mar 28th, 2018 at 1142.32
The intermediate term trend has been UP since Apr 16th, 2018 at 1185.14
The short term trend has been DOWN since Apr 23rd, 2018 at 1198.83
Smart Scan Analysis for NQDM1000
Based on a pre-defined weighted trend formula for chart analysis, NQDM1000 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1295.22||52wk High Date||2018-01-25|
|52wk Low||997.02||52wk Low Date||2017-05-05|