Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
NASDAQ GLOBAL BASIC MATLS TRUST INDEX (NASDAQ:NQG1000T)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jun 28th, 2018 at 1250.39
The intermediate term trend has been DOWN since Sep 10th, 2018 at 1218.18
The short term trend has been DOWN since Sep 27th, 2018 at 1280.64
Smart Scan Analysis for NQG1000T
Based on a pre-defined weighted trend formula for chart analysis, NQG1000T scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1410.97||52wk High Date||2018-01-25|
|52wk Low||1174.62||52wk Low Date||2018-10-11|