Index Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
MORNINGSTAR US GROWTH INDEX (CME:MGRO)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 MGRO
The long term trend has been UP since Dec 9th, 2016 at 2299.74
The intermediate term trend has been DOWN since Aug 9th, 2017 at 2647.63
The short term trend has been DOWN since Aug 17th, 2017 at 2647.10
Smart Scan Analysis for MGRO
Based on a pre-defined weighted trend formula for chart analysis, MGRO scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2707.22||52wk High Date||2017-07-27|
|52wk Low||2153.01||52wk Low Date||2016-11-04|