Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
NASDAQ DM EUROPE BANKS INDEX (NASDAQ:NQDMEU8300)
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 NQDMEU8300
The long term trend has been DOWN since Mar 23rd, 2018 at 1045.52
The intermediate term trend has been UP since Jul 9th, 2018 at 953.46
The short term trend has been UP since Jul 17th, 2018 at 943.81
Smart Scan Analysis for NQDMEU8300
Based on a pre-defined weighted trend formula for chart analysis, NQDMEU8300 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1214.55||52wk High Date||2018-01-26|
|52wk Low||908.47||52wk Low Date||2018-06-28|