Index Trend Analysis Report
Prepared for you on Monday, April 23, 2018.
NASDAQ MEA BASIC MATLS INDEX (NASDAQ:NQMEA1000)
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 NQMEA1000
The long term trend has been DOWN since Apr 4th, 2018 at 497.64
The intermediate term trend has been DOWN since Mar 15th, 2018 at 516.77
The short term trend has been UP since Apr 18th, 2018 at 493.91
Smart Scan Analysis for NQMEA1000
Based on a pre-defined weighted trend formula for chart analysis, NQMEA1000 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||584.06||52wk High Date||2018-01-25|
|52wk Low||445.86||52wk Low Date||2017-07-11|