Index Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
NASDAQ EM MEA FOOD & BEVERAGE TRUST INDEX (NASDAQ:NQEMMEA3500T)
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 NQEMMEA3500T
The long term trend has been DOWN since Sep 19th, 2017 at 990.34
The intermediate term trend has been UP since Oct 12th, 2017 at 1009.14
The short term trend has been DOWN since Oct 18th, 2017 at 1012.03
Smart Scan Analysis for NQEMMEA3500T
Based on a pre-defined weighted trend formula for chart analysis, NQEMMEA3500T scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1204.61||52wk High Date||2017-03-27|
|52wk Low||883.22||52wk Low Date||2016-11-14|