Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
iShares MSCI GERMANY SM-CAP INDEX FUND (BATS:EWGS.IV)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 EWGS.IV
The long term trend has been DOWN since Apr 4th, 2018 at 62.7507
The intermediate term trend has been DOWN since Sep 27th, 2018 at 60.6639
The short term trend has been UP since Nov 26th, 2018 at 52.2460
Smart Scan Analysis for EWGS.IV
Based on a pre-defined weighted trend formula for chart analysis, EWGS.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||70.4999||52wk High Date||2018-01-25|
|52wk Low||51.0512||52wk Low Date||2018-11-20|