Index Trend Analysis Report
Prepared for you on Friday, August 18, 2017.
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 UP since Jul 12th, 2016 at 1598.24
The intermediate term trend has been DOWN since Aug 10th, 2017 at 2140.89
The short term trend has been DOWN since Aug 18th, 2017 at 2144.97
Smart Scan Analysis for NQDM9000T
Based on a pre-defined weighted trend formula for chart analysis, NQDM9000T scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2193.53||52wk High Date||2017-07-27|
|52wk Low||1672.71||52wk Low Date||2016-09-12|