Index Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
NASDAQ DM ASIA UTIL INDEX (NASDAQ:NQDMASIA7000)
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 NQDMASIA7000
The long term trend has been UP since Mar 29th, 2018 at 1107.78
The intermediate term trend has been DOWN since Aug 6th, 2018 at 1122.71
The short term trend has been DOWN since Aug 21st, 2018 at 1130.02
Smart Scan Analysis for NQDMASIA7000
Based on a pre-defined weighted trend formula for chart analysis, NQDMASIA7000 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1189.75||52wk High Date||2018-05-15|
|52wk Low||1030.23||52wk Low Date||2018-02-14|