Index Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
NASDAQ SOUTH AFRICA CONSUMER GOODS TRUST INDEX (NASDAQ:NQZA3000T)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 NQZA3000T
The long term trend has been DOWN since Jul 5th, 2017 at 1425.78
The intermediate term trend has been UP since Oct 12th, 2017 at 1420.65
The short term trend has been DOWN since Oct 18th, 2017 at 1430.09
Smart Scan Analysis for NQZA3000T
Based on a pre-defined weighted trend formula for chart analysis, NQZA3000T scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1764.07||52wk High Date||2017-03-27|
|52wk Low||1279.42||52wk Low Date||2016-11-14|