Index Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
NASDAQ GLOBAL CHEMICALS INDEX (NASDAQ:NQG1300)
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 NQG1300
The long term trend has been DOWN since Feb 8th, 2018 at 1488.37
The intermediate term trend has been UP since Sep 21st, 2018 at 1517.70
The short term trend has been UP since Sep 13th, 2018 at 1463.82
Smart Scan Analysis for NQG1300
Based on a pre-defined weighted trend formula for chart analysis, NQG1300 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1638.42||52wk High Date||2018-01-29|
|52wk Low||1428.8||52wk Low Date||2018-07-05|