Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
NASDAQ UK UTIL INDEX (NASDAQ:NQGB7000)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 NQGB7000
The long term trend has been DOWN since Jul 19th, 2018 at 769.14
The intermediate term trend has been UP since Oct 10th, 2018 at 729.79
The short term trend has been UP since Oct 16th, 2018 at 739.48
Smart Scan Analysis for NQGB7000
Based on a pre-defined weighted trend formula for chart analysis, NQGB7000 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||854.07||52wk High Date||2017-10-23|
|52wk Low||700.54||52wk Low Date||2018-10-04|