Index Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
DJ MEXICO STOCK INDEX (INDEX:MXDOW)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 MXDOW
The long term trend has been DOWN since Oct 23rd, 2018 at 3086.06
The intermediate term trend has been UP since Jan 2nd, 2019 at 2780.13
The short term trend has been DOWN since Jan 21st, 2019 at 2904.89
Smart Scan Analysis for MXDOW
Based on a pre-defined weighted trend formula for chart analysis, MXDOW scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3379.11||52wk High Date||2018-01-26|
|52wk Low||2606.96||52wk Low Date||2018-11-26|