Index Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
NASDAQ DM ASPA FOOD & BEVERAGE INDEX (NASDAQ:NQDMASPA3500)
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 NQDMASPA3500
The long term trend has been DOWN since Feb 8th, 2018 at 1532.34
The intermediate term trend has been UP since Nov 8th, 2018 at 1446.61
The short term trend has been DOWN since Dec 4th, 2018 at 1458.62
Smart Scan Analysis for NQDMASPA3500
Based on a pre-defined weighted trend formula for chart analysis, NQDMASPA3500 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1683.89||52wk High Date||2018-01-29|
|52wk Low||1378.33||52wk Low Date||2018-10-30|