Index Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
NASDAQ DM ASPA BASIC RESOURCES NTR INDEX (NASDAQ:NQDMASPA1700N)
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 NQDMASPA1700N
The long term trend has been UP since Jul 2nd, 2017 at 811.93
The intermediate term trend has been DOWN since Nov 14th, 2017 at 915.71
The short term trend has been DOWN since Nov 9th, 2017 at 946.30
Smart Scan Analysis for NQDMASPA1700N
Based on a pre-defined weighted trend formula for chart analysis, NQDMASPA1700N scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||964||52wk High Date||2017-11-09|
|52wk Low||726.45||52wk Low Date||2016-12-27|