Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
HSBC SAUDI 20 SHARIAH INDEX NET TRUST (CME:HSBCS20N)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Dec 4th, 2018 at 169.42
The short term trend has been DOWN since Dec 10th, 2018 at 169.80
Smart Scan Analysis for HSBCS20N
Based on a pre-defined weighted trend formula for chart analysis, HSBCS20N scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||183.37||52wk High Date||2018-06-04|
|52wk Low||150.67||52wk Low Date||2017-11-30|