Index Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
NASDAQ DM ASPA MID-CAP INDEX (NASDAQ:NQDMASPAMC)
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 NQDMASPAMC
The long term trend has been DOWN since Jun 25th, 2018 at 1544.73
The intermediate term trend has been DOWN since Oct 8th, 2018 at 1487.73
The short term trend has been DOWN since Nov 11th, 2018 at 1421.65
Smart Scan Analysis for NQDMASPAMC
Based on a pre-defined weighted trend formula for chart analysis, NQDMASPAMC scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1714.5||52wk High Date||2018-01-29|
|52wk Low||1354.21||52wk Low Date||2018-10-26|