Index Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
NASDAQ DEVELOPED BASIC MATLS TRUST INDEX (NASDAQ:NQDM1000T)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 NQDM1000T
The long term trend has been UP since Mar 17th, 2016 at 890.58
The intermediate term trend has been DOWN since Nov 15th, 2017 at 1298.04
The short term trend has been DOWN since Nov 9th, 2017 at 1324.35
Smart Scan Analysis for NQDM1000T
Based on a pre-defined weighted trend formula for chart analysis, NQDM1000T scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1340.02||52wk High Date||2017-11-09|
|52wk Low||1013.68||52wk Low Date||2016-11-21|