Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
NASDAQ DM ASPA CONSTRUCTION & MATLS INDEX (NASDAQ:NQDMASPA2300)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 NQDMASPA2300
The long term trend has been DOWN since Feb 5th, 2018 at 1655.29
The intermediate term trend has been DOWN since May 22nd, 2018 at 1690.11
The short term trend has been UP since Jul 16th, 2018 at 1574.86
Smart Scan Analysis for NQDMASPA2300
Based on a pre-defined weighted trend formula for chart analysis, NQDMASPA2300 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1817.63||52wk High Date||2018-01-24|
|52wk Low||1537.47||52wk Low Date||2017-08-18|