Index Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
NASDAQ DM ASPA MID-CAP INDEX (NASDAQ:NQDMASPAMC)
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 NQDMASPAMC
The long term trend has been DOWN since Jun 25th, 2018 at 1544.73
The intermediate term trend has been DOWN since Aug 10th, 2018 at 1510.67
The short term trend has been UP since Aug 16th, 2018 at 1486.15
Smart Scan Analysis for NQDMASPAMC
Based on a pre-defined weighted trend formula for chart analysis, NQDMASPAMC scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1714.5||52wk High Date||2018-01-29|
|52wk Low||1456.62||52wk Low Date||2017-09-05|