Index Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
S&P ASX CORPORATE BOND A RATING BAND TRUST (CME:SPBDAC3T)
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 SPBDAC3T
The long term trend has been UP since Feb 9th, 2017 at 144.673
The intermediate term trend has been DOWN since Apr 12th, 2018 at 151.746
The short term trend has been DOWN since Apr 12th, 2018 at 151.751
Smart Scan Analysis for SPBDAC3T
Based on a pre-defined weighted trend formula for chart analysis, SPBDAC3T scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||152.359||52wk High Date||2018-03-29|
|52wk Low||146.185||52wk Low Date||2017-05-09|