Index Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
NASDAQ MEA FOOD & BEVERAGE NTR INDEX (NASDAQ:NQMEA3500N)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 NQMEA3500N
The long term trend has been UP since Jun 4th, 2018 at 1333.77
The intermediate term trend has been DOWN since Aug 1st, 2018 at 1945.28
The short term trend has been DOWN since Aug 10th, 2018 at 1931.79
Smart Scan Analysis for NQMEA3500N
Based on a pre-defined weighted trend formula for chart analysis, NQMEA3500N scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2087.65||52wk High Date||2018-07-16|
|52wk Low||989.92||52wk Low Date||2017-10-26|