Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
NASDAQ NORWAY FINANCIALS NTR INDEX (NASDAQ:NQNO8000N)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 NQNO8000N
The long term trend has been UP since Jul 4th, 2018 at 1883.72
The intermediate term trend has been DOWN since Aug 15th, 2018 at 1851.98
The short term trend has been DOWN since Aug 13th, 2018 at 1887.30
Smart Scan Analysis for NQNO8000N
Based on a pre-defined weighted trend formula for chart analysis, NQNO8000N scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1944.27||52wk High Date||2018-01-25|
|52wk Low||1654.95||52wk Low Date||2017-12-25|