Index Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
NASDAQ DEVELOPED UTIL INDEX (NASDAQ:NQDM7000)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 NQDM7000
The long term trend has been DOWN since Oct 11th, 2018 at 1272.11
The intermediate term trend has been UP since Nov 7th, 2018 at 1303.04
The short term trend has been UP since Nov 5th, 2018 at 1276.68
Smart Scan Analysis for NQDM7000
Based on a pre-defined weighted trend formula for chart analysis, NQDM7000 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1359.13||52wk High Date||2017-12-01|
|52wk Low||1190.11||52wk Low Date||2018-02-09|