Index Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
DJ BRIC INDIA 15 INDEX EURR (INDEX:B50INE)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 B50INE
The long term trend has been DOWN since Sep 21st, 2018 at 575.92
The intermediate term trend has been UP since Nov 2nd, 2018 at 562.38
The short term trend has been UP since Oct 29th, 2018 at 544.83
Smart Scan Analysis for B50INE
Based on a pre-defined weighted trend formula for chart analysis, B50INE scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||649.73||52wk High Date||2018-08-13|
|52wk Low||531.03||52wk Low Date||2018-10-11|