Index Trend Analysis Report
Prepared for you on Sunday, April 30, 2017.
NASDAQ LAT AMERICA BASIC MATLS INDEX (NASDAQ:NQLA1000)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 NQLA1000
The long term trend has been UP since Mar 4th, 2016 at 292.92
The intermediate term trend has been DOWN since Mar 6th, 2017 at 556.23
The short term trend has been DOWN since Apr 26th, 2017 at 505.47
Smart Scan Analysis for NQLA1000
Based on a pre-defined weighted trend formula for chart analysis, NQLA1000 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||609.46||52wk High Date||2017-02-20|
|52wk Low||293.8||52wk Low Date||2016-06-01|