Index Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
EUROPEAN RENEWABLE ENERGY PRICE INDEX (U) (CME:ERIXPD)
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 ERIXPD
The long term trend has been UP since Feb 16th, 2017 at 844.98
The intermediate term trend has been UP since Oct 12th, 2017 at 1007.75
The short term trend has been DOWN since Oct 16th, 2017 at 991.32
Smart Scan Analysis for ERIXPD
Based on a pre-defined weighted trend formula for chart analysis, ERIXPD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1014.77||52wk High Date||2017-07-27|
|52wk Low||697.8||52wk Low Date||2016-12-09|