Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
ALPHA SHARES CHINA REAL ESTATE INDEX (CME:ACNRE)
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 ACNRE
The long term trend has been UP since Feb 8th, 2017 at 4192.60
The intermediate term trend has been UP since Mar 11th, 2018 at 6071.55
The short term trend has been DOWN since Mar 22nd, 2018 at 6025.20
Smart Scan Analysis for ACNRE
Based on a pre-defined weighted trend formula for chart analysis, ACNRE scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||6599.27||52wk High Date||2018-01-29|
|52wk Low||4435.69||52wk Low Date||2017-05-05|