Index Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
NASDAQ OMX GLOBAL AGRICULTURE INDEX (NASDAQ:QAGR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 QAGR
The long term trend has been DOWN since Aug 15th, 2018 at 208.59
The intermediate term trend has been DOWN since Aug 15th, 2018 at 209.31
The short term trend has been UP since Aug 16th, 2018 at 209.98
Smart Scan Analysis for QAGR
Based on a pre-defined weighted trend formula for chart analysis, QAGR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||227.68||52wk High Date||2018-01-29|
|52wk Low||194.95||52wk Low Date||2017-08-18|