Index Trend Analysis Report
Prepared for you on Friday, May 26, 2017.
BNY MELLON BRIC SELECT DR INDEX (CME:DRBRIC)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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 DRBRIC
The long term trend has been UP since Apr 11th, 2016 at 3345.64
The intermediate term trend has been UP since May 1st, 2017 at 4147.07
The short term trend has been UP since May 22nd, 2017 at 4194.06
Smart Scan Analysis for DRBRIC
Based on a pre-defined weighted trend formula for chart analysis, DRBRIC scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4354.83||52wk High Date||2017-05-16|
|52wk Low||3180.56||52wk Low Date||2016-06-16|