Index Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
DAIWA ETF TOPIX BANKS IOPV (PACF:C612.IV)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 C612.IV
The long term trend has been DOWN since Mar 1st, 2018 at 178.4702
The intermediate term trend has been DOWN since May 24th, 2018 at 177.6534
The short term trend has been UP since Jul 9th, 2018 at 161.2451
Smart Scan Analysis for C612.IV
Based on a pre-defined weighted trend formula for chart analysis, C612.IV scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||208.0282||52wk High Date||2018-01-15|
|52wk Low||156.574||52wk Low Date||2018-07-06|