Index Trend Analysis Report
Prepared for you on Monday, December 18, 2017.
NASDAQ GLOBAL BASIC MATLS TRUST INDEX (NASDAQ:NQG1000T)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Nov 15th, 2017 at 1241.00
The short term trend has been UP since Dec 11th, 2017 at 1244.75
Smart Scan Analysis for NQG1000T
Based on a pre-defined weighted trend formula for chart analysis, NQG1000T scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1278.72||52wk High Date||2017-11-07|
|52wk Low||990.39||52wk Low Date||2016-12-23|