Index Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
DJ NEW ZEALAND STOCK INDEX (INDEX:NZDOW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 NZDOW
The long term trend has been UP since Feb 14th, 2017 at 226.72
The intermediate term trend has been UP since May 2nd, 2018 at 258.04
The short term trend has been DOWN since May 23rd, 2018 at 262.30
Smart Scan Analysis for NZDOW
Based on a pre-defined weighted trend formula for chart analysis, NZDOW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||267.56||52wk High Date||2018-05-15|
|52wk Low||231.29||52wk Low Date||2017-05-31|