Index Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
NASDAQ SWEDEN FINANCIALS TRUST INDEX (NASDAQ:NQSE8000T)
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 NQSE8000T
The long term trend has been UP since Jul 24th, 2018 at 1760.54
The intermediate term trend has been DOWN since Oct 3rd, 2018 at 1767.63
The short term trend has been DOWN since Sep 27th, 2018 at 1837.54
Smart Scan Analysis for NQSE8000T
Based on a pre-defined weighted trend formula for chart analysis, NQSE8000T scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1963.68||52wk High Date||2017-10-20|
|52wk Low||1592.49||52wk Low Date||2018-06-28|