Index Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
NASDAQ INDUSTRIAL INDEX (NASDAQ:INDS)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 INDS
The long term trend has been DOWN since Oct 2nd, 2019 at 6212.70
The intermediate term trend has been UP since Oct 17th, 2019 at 6491.79
The short term trend has been DOWN since Nov 20th, 2019 at 6512.33
Smart Scan Analysis for INDS
Based on a pre-defined weighted trend formula for chart analysis, INDS scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||6547.74||52wk High Date||2018-10-01|
|52wk Low||5346.51||52wk Low Date||2017-12-01|