Index Trend Analysis Report
Prepared for you on Tuesday, November 21, 2017.
NASDAQ MEA BANKS TRUST INDEX (NASDAQ:NQMEA8300T)
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 NQMEA8300T
The long term trend has been UP since Jul 14th, 2017 at 1418.48
The intermediate term trend has been DOWN since Oct 26th, 2017 at 1406.83
The short term trend has been UP since Nov 17th, 2017 at 1410.27
Smart Scan Analysis for NQMEA8300T
Based on a pre-defined weighted trend formula for chart analysis, NQMEA8300T scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1514.07||52wk High Date||2017-08-30|
|52wk Low||1190.46||52wk Low Date||2016-11-21|