Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
DJ MEXICO STOCK INDEX (USD) (INDEX:MXDOWD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Aug 7th, 2018 at 541.63
The intermediate term trend has been DOWN since Oct 8th, 2018 at 512.43
The short term trend has been DOWN since Oct 18th, 2018 at 511.80
Smart Scan Analysis for MXDOWD
Based on a pre-defined weighted trend formula for chart analysis, MXDOWD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||561.68||52wk High Date||2018-01-25|
|52wk Low||446.22||52wk Low Date||2018-06-07|