Index Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
WORLD URANIUM TOTAL RETURN INDEX (EUR) (CME:URAX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 URAX
The long term trend has been UP since May 1st, 2018 at 339.19
The intermediate term trend has been DOWN since Jun 17th, 2018 at 359.29
The short term trend has been DOWN since Jun 15th, 2018 at 362.43
Smart Scan Analysis for URAX
Based on a pre-defined weighted trend formula for chart analysis, URAX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||371.88||52wk High Date||2018-06-06|
|52wk Low||276.55||52wk Low Date||2017-06-22|