Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
DJ BRIC 50 ALL DR INDEX EUR (INDEX:B50ADRE)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 B50ADRE
The long term trend has been DOWN since Apr 4th, 2018 at 488.21
The intermediate term trend has been DOWN since Oct 11th, 2018 at 464.52
The short term trend has been DOWN since Oct 18th, 2018 at 471.90
Smart Scan Analysis for B50ADRE
Based on a pre-defined weighted trend formula for chart analysis, B50ADRE scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||549.62||52wk High Date||2018-01-29|
|52wk Low||456.96||52wk Low Date||2018-09-11|