Index Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
NASDAQ DM EUROPE TELECOM INDEX (NASDAQ:NQDMEU6000)
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 NQDMEU6000
The long term trend has been DOWN since Feb 6th, 2018 at 1071.04
The intermediate term trend has been DOWN since Aug 13th, 2018 at 964.82
The short term trend has been DOWN since Oct 19th, 2018 at 932.30
Smart Scan Analysis for NQDMEU6000
Based on a pre-defined weighted trend formula for chart analysis, NQDMEU6000 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1179.54||52wk High Date||2018-01-25|
|52wk Low||901.43||52wk Low Date||2018-10-09|