Index Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
NASDAQ GLOBAL PSNL & HHLD GOODS INDEX (NASDAQ:NQG3700)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 NQG3700
The long term trend has been UP since Jan 25th, 2017 at 1381.89
The intermediate term trend has been UP since Oct 11th, 2017 at 1602.45
The short term trend has been DOWN since Dec 15th, 2017 at 1630.39
Smart Scan Analysis for NQG3700
Based on a pre-defined weighted trend formula for chart analysis, NQG3700 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1642.49||52wk High Date||2017-12-14|
|52wk Low||1300.06||52wk Low Date||2016-12-15|