Index Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
WORLD URANIUM TOTAL RETURN INDEX (EUR) (CME:URAX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Aug 15th, 2018 at 335.73
The intermediate term trend has been DOWN since Aug 15th, 2018 at 335.79
The short term trend has been UP since Sep 12th, 2018 at 322.02
Smart Scan Analysis for URAX
Based on a pre-defined weighted trend formula for chart analysis, URAX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||371.88||52wk High Date||2018-06-06|
|52wk Low||286.82||52wk Low Date||2017-10-31|