Index Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
DJ MEXICO STOCK INDEX (USD) (INDEX:MXDOWD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 MXDOWD
The long term trend has been DOWN since Oct 6th, 2017 at 552.84
The intermediate term trend has been DOWN since Feb 8th, 2018 at 524.17
The short term trend has been UP since Feb 12th, 2018 at 520.17
Smart Scan Analysis for MXDOWD
Based on a pre-defined weighted trend formula for chart analysis, MXDOWD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||593.79||52wk High Date||2017-07-27|
|52wk Low||462.77||52wk Low Date||2017-02-20|