Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
NASDAQ JAPAN MEDIA INDEX (NASDAQ:NQJP5500)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 NQJP5500
The long term trend has been DOWN since Jul 10th, 2018 at 1870.14
The intermediate term trend has been UP since Aug 7th, 2018 at 1871.90
The short term trend has been DOWN since Aug 20th, 2018 at 1898.84
Smart Scan Analysis for NQJP5500
Based on a pre-defined weighted trend formula for chart analysis, NQJP5500 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1998.87||52wk High Date||2018-06-25|
|52wk Low||1741.83||52wk Low Date||2017-09-06|