Index Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
DJ AMERICAS BASIC MATERIALS STOCK INDEX (INDEX:A1BSC)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 A1BSC
The long term trend has been DOWN since Aug 15th, 2018 at 335.45
The intermediate term trend has been DOWN since Aug 13th, 2018 at 337.78
The short term trend has been DOWN since Aug 1st, 2018 at 345.51
Smart Scan Analysis for A1BSC
Based on a pre-defined weighted trend formula for chart analysis, A1BSC scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||370.59||52wk High Date||2018-01-25|
|52wk Low||309||52wk Low Date||2017-08-18|