Index Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
EUROPEAN RENEWABLE ENERGY TOTAL RETURN I (CME:ERIXD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 ERIXD
The long term trend has been DOWN since Jun 21st, 2018 at 1046.81
The intermediate term trend has been DOWN since May 29th, 2018 at 1095.80
The short term trend has been DOWN since Jul 12th, 2018 at 1056.41
Smart Scan Analysis for ERIXD
Based on a pre-defined weighted trend formula for chart analysis, ERIXD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1167.97||52wk High Date||2018-05-22|
|52wk Low||926.49||52wk Low Date||2017-12-06|