Stock Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
iShares MSCI CHINA INDEX (NASDAQ:MCHI)
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 MCHI
The long term trend has been DOWN since Jun 25th, 2018 at 65.2889
The intermediate term trend has been DOWN since Aug 1st, 2018 at 62.7500
The short term trend has been UP since Oct 22nd, 2018 at 54.9700
Smart Scan Analysis for MCHI
Based on a pre-defined weighted trend formula for chart analysis, MCHI scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||76.72||Year High Date||2018-01-26|
|Year Low||52.37||Year Low Date||2018-10-11|
|52wk High||76.72||52wk High Date||2018-01-26|
|52wk Low||52.37||52wk Low Date||2018-10-11|