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Index Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

NASDAQ-100 Dorsey Wright Momentum Index (NASDAQ:NDXDWA)

Strong Uptrend (+100) - NDXDWA is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NDXDWA continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid NDXDWA?

MarketClub looks at technical strength and momentum to determine if the timing is right for NDXDWA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_NDXDWA
Open High Low NDXDWA Price Change
1107.64 1109.27 1095.50 1102.31 -2.36
Entry Signal

MarketClub’s Trade Triangles for NDXDWA

long term up The long-term trend has been UP since Nov 27th, 2023 at 922.57

intermediate term up The intermediate-term trend has been UP since May 10th, 2024 at 1075.33

short term up The short-term trend has been UP since May 3rd, 2024 at 1040.92

Smart Scan Analysis for NDXDWA

Based on our trend formula, NDXDWA is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for NDXDWA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1107.64 1109.27 1095.50 1102.31 -2.36
Prev. Close Volume Bid Ask Time
1102.31 0 2024-05-22 17:09:00
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