Index Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
NASDAQ TELECOM INDEX (NASDAQ:IXTC)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since Feb 14th, 2019 at 389.54
The intermediate term trend has been DOWN since May 6th, 2019 at 422.40
The short term trend has been UP since May 16th, 2019 at 407.51
Smart Scan Analysis for IXTC
Based on a pre-defined weighted trend formula for chart analysis, IXTC scored +65 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|