Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
DJ MEXICO STOCK INDEX (INDEX:MXDOW)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Oct 5th, 2018 at 3197.75
The short term trend has been DOWN since Nov 8th, 2018 at 3046.01
Smart Scan Analysis for MXDOW
Based on a pre-defined weighted trend formula for chart analysis, MXDOW scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3379.11||52wk High Date||2018-01-26|
|52wk Low||2788.94||52wk Low Date||2018-11-14|