Index Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
NASDAQ NEW ZEALAND MID-CAP TRUST INDEX (NASDAQ:NQNZMCT)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Mar 28th, 2018 at 1499.77
The intermediate term trend has been DOWN since Jul 1st, 2018 at 1531.87
The short term trend has been DOWN since Aug 9th, 2018 at 1491.71
Smart Scan Analysis for NQNZMCT
Based on a pre-defined weighted trend formula for chart analysis, NQNZMCT scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1690.33||52wk High Date||2018-01-31|
|52wk Low||1427.48||52wk Low Date||2018-05-23|