Index Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
MORNINGSTAR US GROWTH INDEX (CME:MGRO)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MGRO
The long term trend has been UP since Dec 9th, 2016 at 2299.74
The intermediate term trend has been UP since Aug 31st, 2017 at 2686.09
The short term trend has been UP since Dec 4th, 2017 at 2894.56
Smart Scan Analysis for MGRO
Based on a pre-defined weighted trend formula for chart analysis, MGRO scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2916.7||52wk High Date||2017-12-06|
|52wk Low||2263.37||52wk Low Date||2016-12-30|