Index Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
DJ BRIC 50 INDEX USD (INDEX:BRIC50D)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 BRIC50D
The long term trend has been UP since Apr 12th, 2016 at 440.37
The intermediate term trend has been UP since Apr 25th, 2017 at 553.95
The short term trend has been DOWN since Apr 28th, 2017 at 553.38
Smart Scan Analysis for BRIC50D
Based on a pre-defined weighted trend formula for chart analysis, BRIC50D scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||557.29||52wk High Date||2017-04-26|
|52wk Low||420.96||52wk Low Date||2016-05-19|