Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
NASDAQ MEA BASIC MATLS INDEX (NASDAQ:NQMEA1000)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 NQMEA1000
The long term trend has been UP since Jul 9th, 2018 at 517.21
The intermediate term trend has been UP since Jun 18th, 2018 at 480.17
The short term trend has been DOWN since Jul 12th, 2018 at 512.04
Smart Scan Analysis for NQMEA1000
Based on a pre-defined weighted trend formula for chart analysis, NQMEA1000 scored +75 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|