Index Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
DJ BRIC 50 INDEX USD (INDEX:BRIC50D)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 BRIC50D
The long term trend has been UP since Apr 12th, 2016 at 440.37
The intermediate term trend has been DOWN since Mar 23rd, 2018 at 710.44
The short term trend has been DOWN since Apr 25th, 2018 at 688.62
Smart Scan Analysis for BRIC50D
Based on a pre-defined weighted trend formula for chart analysis, BRIC50D scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||788.67||52wk High Date||2018-01-29|
|52wk Low||542.23||52wk Low Date||2017-05-18|