Index Trend Analysis Report
Prepared for you on Monday, May 22, 2017.
NASDAQ JAPAN BANKS NTR INDEX (NASDAQ:NQJP8300N)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 NQJP8300N
The long term trend has been DOWN since Apr 3rd, 2017 at 1311.94
The intermediate term trend has been DOWN since May 16th, 2017 at 1332.25
The short term trend has been UP since May 21st, 2017 at 1323.14
Smart Scan Analysis for NQJP8300N
Based on a pre-defined weighted trend formula for chart analysis, NQJP8300N scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1421.44||52wk High Date||2017-02-22|
|52wk Low||938.43||52wk Low Date||2016-07-08|