Index Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
NASDAQ DM ASPA TELECOM INDEX (NASDAQ:NQDMASPA6000)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 NQDMASPA6000
The long term trend has been UP since Jul 20th, 2018 at 1510.97
The intermediate term trend has been DOWN since Oct 8th, 2018 at 1552.65
The short term trend has been DOWN since Oct 22nd, 2018 at 1485.92
Smart Scan Analysis for NQDMASPA6000
Based on a pre-defined weighted trend formula for chart analysis, NQDMASPA6000 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1611.44||52wk High Date||2018-09-28|
|52wk Low||1391.6||52wk Low Date||2018-07-03|