Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
NASDAQ GLOBAL TELECOM TRUST INDEX (NASDAQ:NQG6000T)
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 NQG6000T
The long term trend has been UP since Aug 8th, 2018 at 1348.02
The intermediate term trend has been DOWN since Oct 8th, 2018 at 1343.05
The short term trend has been DOWN since Oct 19th, 2018 at 1327.29
Smart Scan Analysis for NQG6000T
Based on a pre-defined weighted trend formula for chart analysis, NQG6000T scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1449.83||52wk High Date||2018-01-29|
|52wk Low||1272.2||52wk Low Date||2018-06-28|