Index Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
NASDAQ DEVELOPED REAL ESTATE INDEX (NASDAQ:NQDM8600)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 NQDM8600
The long term trend has been DOWN since Feb 5th, 2018 at 1229.70
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 1203.97
The short term trend has been UP since Apr 26th, 2018 at 1211.96
Smart Scan Analysis for NQDM8600
Based on a pre-defined weighted trend formula for chart analysis, NQDM8600 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1286.13||52wk High Date||2018-01-24|
|52wk Low||1164.82||52wk Low Date||2018-02-09|