Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
NASDAQ DEVELOPED CHEMICALS INDEX (NASDAQ:NQDM1300)
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 NQDM1300
The long term trend has been DOWN since Feb 8th, 2018 at 1561.78
The intermediate term trend has been DOWN since May 29th, 2018 at 1534.01
The short term trend has been UP since Jul 6th, 2018 at 1497.24
Smart Scan Analysis for NQDM1300
Based on a pre-defined weighted trend formula for chart analysis, NQDM1300 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1706.11||52wk High Date||2018-01-29|
|52wk Low||1422.13||52wk Low Date||2017-08-11|