Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
NASDAQ GLOBAL MEDIA NTR INDEX (NASDAQ:NQG5500N)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NQG5500N
The long term trend has been DOWN since Oct 10th, 2018 at 1818.74
The intermediate term trend has been UP since Nov 7th, 2018 at 1866.63
The short term trend has been UP since Nov 15th, 2018 at 1840.79
Smart Scan Analysis for NQG5500N
Based on a pre-defined weighted trend formula for chart analysis, NQG5500N scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2047.7||52wk High Date||2018-01-29|
|52wk Low||1741.28||52wk Low Date||2018-10-29|