Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
DAIWA ETF TOPIX 17 PHARMA IOPV (PACF:C638.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 C638.IV
The long term trend has been UP since May 17th, 2018 at 23107.1113
The intermediate term trend has been DOWN since Aug 12th, 2018 at 23220.1680
The short term trend has been DOWN since Aug 8th, 2018 at 23498.3906
Smart Scan Analysis for C638.IV
Based on a pre-defined weighted trend formula for chart analysis, C638.IV scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||24087.66||52wk High Date||2018-07-19|
|52wk Low||19736.05||52wk Low Date||2017-08-22|