Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
NASDAQ GLOBAL MEDIA INDEX (NASDAQ:NQG5500)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 NQG5500
The long term trend has been UP since Jul 9th, 2018 at 1732.31
The intermediate term trend has been DOWN since Aug 15th, 2018 at 1698.80
The short term trend has been UP since Aug 20th, 2018 at 1726.93
Smart Scan Analysis for NQG5500
Based on a pre-defined weighted trend formula for chart analysis, NQG5500 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1908.18||52wk High Date||2018-01-29|
|52wk Low||1617.32||52wk Low Date||2018-05-03|