Index Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
ALERIAN MLP EQUAL WEIGHT INDEX (CME:AMZE)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 AMZE
The long term trend has been DOWN since May 4th, 2017 at 344.6600
The intermediate term trend has been DOWN since Oct 18th, 2017 at 314.6412
The short term trend has been DOWN since Nov 10th, 2017 at 306.7345
Smart Scan Analysis for AMZE
Based on a pre-defined weighted trend formula for chart analysis, AMZE scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||376.43||52wk High Date||2017-01-26|
|52wk Low||292.7983||52wk Low Date||2017-11-15|