Index Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
NASDAQ EMERGING BANKS INDEX (NASDAQ:NQEM8300)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 NQEM8300
The long term trend has been DOWN since May 3rd, 2018 at 1205.97
The intermediate term trend has been DOWN since Aug 13th, 2018 at 1103.49
The short term trend has been UP since Sep 13th, 2018 at 1056.18
Smart Scan Analysis for NQEM8300
Based on a pre-defined weighted trend formula for chart analysis, NQEM8300 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1359.89||52wk High Date||2018-01-29|
|52wk Low||1032.72||52wk Low Date||2018-09-12|