Index Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
WORLD SOLAR ENERGY TOTAL RETURN INDEX (U) (CME:SOLEXD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SOLEXD
The long term trend has been UP since Mar 21st, 2018 at 129.11
The intermediate term trend has been UP since Apr 16th, 2018 at 126.21
The short term trend has been DOWN since Apr 23rd, 2018 at 127.24
Smart Scan Analysis for SOLEXD
Based on a pre-defined weighted trend formula for chart analysis, SOLEXD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||131.69||52wk High Date||2018-04-19|
|52wk Low||78.45||52wk Low Date||2017-04-25|