Index Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
WORLD SOLAR ENERGY TOTAL RETURN INDEX (E) (CME:SOLEX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SOLEX
The long term trend has been UP since Jul 12th, 2017 at 96.90
The intermediate term trend has been UP since Sep 11th, 2017 at 103.33
The short term trend has been DOWN since Sep 18th, 2017 at 104.60
Smart Scan Analysis for SOLEX
Based on a pre-defined weighted trend formula for chart analysis, SOLEX scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||106.92||52wk High Date||2017-09-15|
|52wk Low||78.32||52wk Low Date||2016-11-09|