Index Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
NASDAQ OMX GLOBAL GOLD & PRCS MTLS INDEX (NASDAQ:QGLD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 QGLD
The long term trend has been UP since Dec 10th, 2018 at 152.01
The intermediate term trend has been UP since Nov 21st, 2018 at 147.41
The short term trend has been DOWN since Jan 14th, 2019 at 159.86
Smart Scan Analysis for QGLD
Based on a pre-defined weighted trend formula for chart analysis, QGLD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||189.36||52wk High Date||2018-01-25|
|52wk Low||128.89||52wk Low Date||2018-09-11|