Index Trend Analysis Report
Prepared for you on Thursday, January 24, 2019.
NASDAQ TELECOM INDEX (NASDAQ:IXTC)
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 IXTC
The long term trend has been DOWN since Dec 19th, 2018 at 348.00
The intermediate term trend has been UP since Jan 15th, 2019 at 359.81
The short term trend has been UP since Jan 4th, 2019 at 350.13
Smart Scan Analysis for IXTC
Based on a pre-defined weighted trend formula for chart analysis, IXTC scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||396.68||52wk High Date||2018-10-01|
|52wk Low||327.57||52wk Low Date||2017-12-01|