Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
NASDAQ GLOBAL BASIC MATLS TRUST INDEX (NASDAQ:NQG1000T)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 NQG1000T
The long term trend has been UP since Mar 7th, 2016 at 836.81
The intermediate term trend has been DOWN since Mar 23rd, 2018 at 1284.14
The short term trend has been DOWN since Mar 22nd, 2018 at 1289.81
Smart Scan Analysis for NQG1000T
Based on a pre-defined weighted trend formula for chart analysis, NQG1000T scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1410.97||52wk High Date||2018-01-25|
|52wk Low||1066.05||52wk Low Date||2017-05-05|