Index Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
NASDAQ MEA BASIC MATLS INDEX (NASDAQ:NQMEA1000)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NQMEA1000
The long term trend has been UP since Jul 9th, 2018 at 517.21
The intermediate term trend has been UP since Sep 21st, 2018 at 532.72
The short term trend has been UP since Sep 13th, 2018 at 508.90
Smart Scan Analysis for NQMEA1000
Based on a pre-defined weighted trend formula for chart analysis, NQMEA1000 scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||584.06||52wk High Date||2018-01-25|
|52wk Low||457.37||52wk Low Date||2018-06-15|