Index Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
VANECK VECTORS BRAZIL SMLL CAP ETF IOPV (PACF:BRF.IV)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 BRF.IV
The long term trend has been DOWN since Dec 19th, 2017 at 22.3660
The intermediate term trend has been DOWN since Aug 10th, 2018 at 18.5801
The short term trend has been UP since Sep 18th, 2018 at 16.4395
Smart Scan Analysis for BRF.IV
Based on a pre-defined weighted trend formula for chart analysis, BRF.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||26.1305||52wk High Date||2017-10-05|
|52wk Low||15.9252||52wk Low Date||2018-09-14|