Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
SGI PAN AFRICA INDEX EUR (P) (CME:SGIXPAPE)
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 SGIXPAPE
The long term trend has been UP since Aug 31st, 2017 at 87.99
The intermediate term trend has been DOWN since May 29th, 2018 at 94.00
The short term trend has been DOWN since Jul 11th, 2018 at 91.15
Smart Scan Analysis for SGIXPAPE
Based on a pre-defined weighted trend formula for chart analysis, SGIXPAPE scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||97.39||52wk High Date||2018-05-16|
|52wk Low||83.39||52wk Low Date||2017-08-15|