Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
NASDAQ ITALY OIL & GAS TRUST INDEX (NASDAQ:NQIT0001T)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 NQIT0001T
The long term trend has been DOWN since Oct 19th, 2018 at 886.56
The intermediate term trend has been DOWN since Oct 15th, 2018 at 916.95
The short term trend has been UP since Nov 29th, 2018 at 817.85
Smart Scan Analysis for NQIT0001T
Based on a pre-defined weighted trend formula for chart analysis, NQIT0001T scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||995.85||52wk High Date||2018-09-26|
|52wk Low||776.46||52wk Low Date||2018-03-05|