Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
NASDAQ SPAIN SM-CAP INDEX (NASDAQ:NQESSC)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 NQESSC
The long term trend has been DOWN since May 29th, 2018 at 1627.91
The intermediate term trend has been DOWN since Oct 4th, 2018 at 1612.19
The short term trend has been UP since Oct 22nd, 2018 at 1520.22
Smart Scan Analysis for NQESSC
Based on a pre-defined weighted trend formula for chart analysis, NQESSC scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1787.23||52wk High Date||2018-01-25|
|52wk Low||1477.86||52wk Low Date||2018-10-19|