Index Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
NASDAQ SPAIN MID-CAP NTR INDEX (NASDAQ:NQESMCN)
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 NQESMCN
The long term trend has been DOWN since Oct 4th, 2017 at 1581.13
The intermediate term trend has been DOWN since Nov 13th, 2017 at 1532.16
The short term trend has been UP since Nov 15th, 2017 at 1550.56
Smart Scan Analysis for NQESMCN
Based on a pre-defined weighted trend formula for chart analysis, NQESMCN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1689.87||52wk High Date||2017-08-08|
|52wk Low||1259.96||52wk Low Date||2016-11-28|