Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
NASDAQ DEVELOPED TELECOM TRUST INDEX (NASDAQ:NQDM6000T)
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 NQDM6000T
The long term trend has been UP since Aug 7th, 2018 at 1478.66
The intermediate term trend has been DOWN since Oct 8th, 2018 at 1493.11
The short term trend has been UP since Oct 17th, 2018 at 1472.10
Smart Scan Analysis for NQDM6000T
Based on a pre-defined weighted trend formula for chart analysis, NQDM6000T scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1580.87||52wk High Date||2018-01-29|
|52wk Low||1401.44||52wk Low Date||2018-07-02|