Index Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
NASDAQ MEXICO SM-CAP INDEX (NASDAQ:NQMXSC)
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 NQMXSC
The long term trend has been UP since Aug 7th, 2018 at 743.28
The intermediate term trend has been DOWN since Oct 10th, 2018 at 717.69
The short term trend has been DOWN since Oct 18th, 2018 at 715.43
Smart Scan Analysis for NQMXSC
Based on a pre-defined weighted trend formula for chart analysis, NQMXSC scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||767.36||52wk High Date||2018-04-17|
|52wk Low||602.85||52wk Low Date||2018-06-15|