Index Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
NASDAQ DEVELOPED TECH TRUST INDEX (NASDAQ:NQDM9000T)
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 NQDM9000T
The long term trend has been DOWN since Feb 9th, 2018 at 2354.27
The intermediate term trend has been DOWN since Feb 5th, 2018 at 2526.18
The short term trend has been UP since Feb 13th, 2018 at 2449.99
Smart Scan Analysis for NQDM9000T
Based on a pre-defined weighted trend formula for chart analysis, NQDM9000T scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2630.58||52wk High Date||2018-01-29|
|52wk Low||1920.17||52wk Low Date||2017-02-24|