Index Trend Analysis Report
Prepared for you on Wednesday, March 29, 2017.
S & P/ASX MIDCAP 50 (ASX:XMD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 XMD
The long term trend has been UP since Jan 3rd, 2017 at 5853.9
The intermediate term trend has been UP since Feb 13th, 2017 at 5899.9
The short term trend has been UP since Mar 28th, 2017 at 5931.6
Smart Scan Analysis for XMD
Based on a pre-defined weighted trend formula for chart analysis, XMD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4812.7||52wk High Date||2014-12-29|
|52wk Low||4090.9||52wk Low Date||2014-02-05|