Index Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
S-NETWORK EMERGING INFRAST BUILDERS INDEX (CME:EIBI)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 EIBI
The long term trend has been UP since Dec 28th, 2017 at 2399.53
The intermediate term trend has been DOWN since Feb 4th, 2018 at 2550.96
The short term trend has been UP since Feb 12th, 2018 at 2430.05
Smart Scan Analysis for EIBI
Based on a pre-defined weighted trend formula for chart analysis, EIBI scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2657.57||52wk High Date||2018-01-29|
|52wk Low||2138.2||52wk Low Date||2017-05-19|