Index Trend Analysis Report
Prepared for you on Saturday, March 17, 2018.
NASDAQ DM ASPA BANKS TRUST INDEX (NASDAQ:NQDMASPA8300T)
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 NQDMASPA8300T
The long term trend has been UP since Jun 28th, 2017 at 1406.54
The intermediate term trend has been DOWN since Mar 15th, 2018 at 1501.43
The short term trend has been DOWN since Mar 14th, 2018 at 1522.49
Smart Scan Analysis for NQDMASPA8300T
Based on a pre-defined weighted trend formula for chart analysis, NQDMASPA8300T scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1614.21||52wk High Date||2018-01-15|
|52wk Low||1328.62||52wk Low Date||2017-05-30|