Index Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
NASDAQ GLOBAL BASIC RESOURCES INDEX (NASDAQ:NQG1700)
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 NQG1700
The long term trend has been UP since Jul 14th, 2017 at 727.85
The intermediate term trend has been DOWN since Jun 19th, 2018 at 827.77
The short term trend has been DOWN since Jun 12th, 2018 at 863.88
Smart Scan Analysis for NQG1700
Based on a pre-defined weighted trend formula for chart analysis, NQG1700 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||920.75||52wk High Date||2018-01-25|
|52wk Low||660.92||52wk Low Date||2017-06-21|