Index Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
WORLD URANIUM TOTAL RETURN INDEX (EUR) (CME:URAX)
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 URAX
The long term trend has been UP since Oct 3rd, 2018 at 358.17
The intermediate term trend has been DOWN since Nov 27th, 2018 at 333.53
The short term trend has been DOWN since Dec 5th, 2018 at 333.54
Smart Scan Analysis for URAX
Based on a pre-defined weighted trend formula for chart analysis, URAX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||371.88||52wk High Date||2018-06-06|
|52wk Low||304.21||52wk Low Date||2017-12-01|