Index Trend Analysis Report
Prepared for you on Sunday, March 26, 2017.
NASDAQ JAPAN BANKS NTR INDEX (NASDAQ:NQJP8300N)
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 NQJP8300N
The long term trend has been UP since Aug 1st, 2016 at 1126.45
The intermediate term trend has been DOWN since Feb 26th, 2017 at 1379.20
The short term trend has been DOWN since Mar 20th, 2017 at 1374.91
Smart Scan Analysis for NQJP8300N
Based on a pre-defined weighted trend formula for chart analysis, NQJP8300N scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1421.44||52wk High Date||2017-02-22|
|52wk Low||930.66||52wk Low Date||2016-04-08|