Stock Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
POWERSHARES QQQ (NASDAQ:QQQ)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 QQQ
The long term trend has been UP since Mar 9th, 2018 at 170.91
The intermediate term trend has been DOWN since Jul 30th, 2018 at 175.80
The short term trend has been DOWN since Aug 10th, 2018 at 181.06
Smart Scan Analysis for QQQ
Based on a pre-defined weighted trend formula for chart analysis, QQQ scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||182.93||Year High Date||2018-07-25|
|Year Low||150.125||Year Low Date||2018-02-09|
|52wk High||182.93||52wk High Date||2018-07-25|
|52wk Low||140.18||52wk Low Date||2017-08-21|
|Year End Close||65.1301||Average Volume||34,676,590|