Index Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
DAIWA ETF TOPIX 17 BANKS IOPV (PACF:C648.IV)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 C648.IV
The long term trend has been UP since Sep 25th, 2018 at 12198.6104
The intermediate term trend has been DOWN since Oct 14th, 2018 at 11542.3770
The short term trend has been DOWN since Oct 8th, 2018 at 12170.0137
Smart Scan Analysis for C648.IV
Based on a pre-defined weighted trend formula for chart analysis, C648.IV scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||14294.81||52wk High Date||2018-01-15|
|52wk Low||10956.67||52wk Low Date||2018-07-05|