Index Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
NASDAQ Composite (NASDAQ:COMP)
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.
MarketClub’s Trade Triangles for COMP
The long term trend has been UP since Feb 25th, 2019 at 7566.93
The intermediate term trend has been DOWN since May 7th, 2019 at 7933.57
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).
|52wk High||8133.3||52wk High Date||2018-08-30|
|52wk Low||6630.67||52wk Low Date||2018-02-09|