Index Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
DJ AMERICAS BASIC MATERIALS STOCK INDEX (INDEX:A1BSC)
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 A1BSC
The long term trend has been DOWN since Feb 9th, 2018 at 326.25
The intermediate term trend has been UP since Apr 13th, 2018 at 342.61
The short term trend has been DOWN since May 22nd, 2018 at 351.96
Smart Scan Analysis for A1BSC
Based on a pre-defined weighted trend formula for chart analysis, A1BSC scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||370.59||52wk High Date||2018-01-25|
|52wk Low||296.37||52wk Low Date||2017-05-31|