Index Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Dorsey Wright NASDAQ Technical Leaders Index (NASDAQ:DWANQTL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DWANQTL
The long term trend has been UP since Feb 12th, 2019 at 1483.79
The intermediate term trend has been UP since Apr 26th, 2019 at 1609.12
The short term trend has been UP since May 16th, 2019 at 1593.05
Smart Scan Analysis for DWANQTL
Based on a pre-defined weighted trend formula for chart analysis, DWANQTL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1693.79||52wk High Date||2018-08-31|
|52wk Low||1273.53||52wk Low Date||2018-11-20|