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Index Trend Analysis Report

Prepared for you on Friday, May 24, 2019.


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.

Open High Low COMP Price Change
7660.72 7665.15 7585.32 7628.28 -122.56
Entry Signal

MarketClub’s Trade Triangles for COMP

long term up The long term trend has been UP since Feb 25th, 2019 at 7566.93

intermediate term down The intermediate term trend has been DOWN since May 7th, 2019 at 7933.57

short term down The short term trend has been DOWN since May 20th, 2019 at 7682.24

Smart Scan Analysis for COMP

Based on a pre-defined weighted trend formula for chart analysis, COMP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for COMP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7660.72 7665.15 7585.32 7628.28 -122.56
Prev. Close Volume Bid Ask Time
7472.41 0 2019-05-23 17:15:24
52wk High8133.352wk High Date2018-08-30
52wk Low6630.6752wk Low Date2018-02-09
Want to analyze NASDAQ Composite COMP or another symbol? Try our Free Index Trend Analysis Report.