Index Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
HSBC SAUDI 20 SHARIAH INDEX NET TRUST (CME:HSBCS20N)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 HSBCS20N
The long term trend has been DOWN since Sep 5th, 2018 at 170.53
The intermediate term trend has been DOWN since Aug 5th, 2018 at 178.54
The short term trend has been UP since Sep 18th, 2018 at 167.69
Smart Scan Analysis for HSBCS20N
Based on a pre-defined weighted trend formula for chart analysis, HSBCS20N scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||183.37||52wk High Date||2018-06-04|
|52wk Low||144.89||52wk Low Date||2017-11-21|