Index Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
NASDAQ JAPAN BASIC MATLS NTR INDEX (NASDAQ:NQJP1000N)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 NQJP1000N
The long term trend has been UP since Jul 27th, 2016 at 1276.32
The intermediate term trend has been UP since Jun 2nd, 2017 at 1607.94
The short term trend has been DOWN since Sep 20th, 2017 at 1782.31
Smart Scan Analysis for NQJP1000N
Based on a pre-defined weighted trend formula for chart analysis, NQJP1000N scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1813.68||52wk High Date||2017-09-19|
|52wk Low||1335.35||52wk Low Date||2016-11-09|