Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
NASDAQ UK UTIL INDEX (NASDAQ:NQGB7000)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 NQGB7000
The long term trend has been UP since Nov 6th, 2018 at 751.60
The intermediate term trend has been DOWN since Nov 15th, 2018 at 717.15
The short term trend has been DOWN since Nov 30th, 2018 at 712.98
Smart Scan Analysis for NQGB7000
Based on a pre-defined weighted trend formula for chart analysis, NQGB7000 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||831.93||52wk High Date||2018-05-23|
|52wk Low||700.54||52wk Low Date||2018-10-04|