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Index Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

NASDAQ Composite (NASDAQ:COMP)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

NASDAQ_COMP
Open High Low COMP Price Change
9413.61 9439.29 9375.13 9383.77 +12.96
Entry Signal

MarketClub’s Trade Triangles for COMP

long term up The long term trend has been UP since Jul 10th, 2019 at 8176.08

intermediate term up The intermediate term trend has been UP since Oct 15th, 2019 at 8158.84

short term up The short term trend has been UP since Jan 2nd, 2020 at 9052.00

Smart Scan Analysis for COMP

Based on a pre-defined weighted trend formula for chart analysis, COMP scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for COMP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9413.61 9439.29 9375.13 9383.77 +12.96
Prev. Close Volume Bid Ask Time
9178.86 0 2020-01-22 17:14:49
52wk High8133.352wk High Date2018-08-30
52wk Low6630.6752wk Low Date2018-02-09
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