Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
DJ SPAIN STOCK INDEX (INDEX:ESDOW)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 ESDOW
The long term trend has been DOWN since Feb 6th, 2018 at 385.45
The intermediate term trend has been DOWN since Oct 8th, 2018 at 356.64
The short term trend has been UP since Oct 22nd, 2018 at 346.96
Smart Scan Analysis for ESDOW
Based on a pre-defined weighted trend formula for chart analysis, ESDOW scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||412.63||52wk High Date||2018-01-26|
|52wk Low||339.7||52wk Low Date||2018-10-19|