Index Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
NASDAQ NEW ZEALAND MID-CAP TRUST INDEX (NASDAQ:NQNZMCT)
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 NQNZMCT
The long term trend has been UP since Jan 2nd, 2018 at 1637.57
The intermediate term trend has been DOWN since Feb 7th, 2018 at 1603.76
The short term trend has been DOWN since Feb 19th, 2018 at 1594.60
Smart Scan Analysis for NQNZMCT
Based on a pre-defined weighted trend formula for chart analysis, NQNZMCT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1690.33||52wk High Date||2018-01-31|
|52wk Low||1403.56||52wk Low Date||2017-03-23|