Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
NASDAQ DEVELOPED BASIC RESOURCES TRUST INDE (NASDAQ:NQDM1700T)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 NQDM1700T
The long term trend has been UP since Jul 12th, 2017 at 830.97
The intermediate term trend has been DOWN since Feb 2nd, 2018 at 1019.02
The short term trend has been DOWN since Mar 22nd, 2018 at 962.85
Smart Scan Analysis for NQDM1700T
Based on a pre-defined weighted trend formula for chart analysis, NQDM1700T scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1068.41||52wk High Date||2018-01-15|
|52wk Low||757.14||52wk Low Date||2017-05-05|