Index Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
NASDAQ DEVELOPED BASIC RESOURCES TRUST INDE (NASDAQ:NQDM1700T)
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 NQDM1700T
The long term trend has been DOWN since Jul 20th, 2018 at 941.29
The intermediate term trend has been DOWN since Sep 5th, 2018 at 877.62
The short term trend has been UP since Sep 12th, 2018 at 879.41
Smart Scan Analysis for NQDM1700T
Based on a pre-defined weighted trend formula for chart analysis, NQDM1700T scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1068.41||52wk High Date||2018-01-15|
|52wk Low||856.01||52wk Low Date||2018-09-11|