Index Trend Analysis Report
Prepared for you on Friday, January 19, 2018.
DAX PREMIUM (DTN:@PRDA)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 @PRDA
The long term trend has been DOWN since Dec 6th, 2017 at -140.73
The intermediate term trend has been DOWN since Dec 6th, 2017 at -140.73
The short term trend has been UP since Jan 17th, 2018 at 47.10
Smart Scan Analysis for @PRDA
Based on a pre-defined weighted trend formula for chart analysis, @PRDA scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).