Index Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
NASDAQ DM ASPA BASIC MATLS INDEX (NASDAQ:NQDMASPA1000)
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 NQDMASPA1000
The long term trend has been UP since Jun 28th, 2017 at 1001.23
The intermediate term trend has been DOWN since Feb 2nd, 2018 at 1244.09
The short term trend has been DOWN since Feb 20th, 2018 at 1197.25
Smart Scan Analysis for NQDMASPA1000
Based on a pre-defined weighted trend formula for chart analysis, NQDMASPA1000 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1286.32||52wk High Date||2018-01-29|
|52wk Low||938.07||52wk Low Date||2017-05-05|