Index Trend Analysis Report
Prepared for you on Saturday, March 24, 2018.
DAIWA ETF TOPIX 17 BANKS IOPV (PACF:C648.IV)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Mar 1st, 2018 at 12172.0146
The intermediate term trend has been DOWN since Jan 28th, 2018 at 13438.6064
The short term trend has been DOWN since Mar 16th, 2018 at 11974.0547
Smart Scan Analysis for C648.IV
Based on a pre-defined weighted trend formula for chart analysis, C648.IV scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||14294.81||52wk High Date||2018-01-15|
|52wk Low||10933.27||52wk Low Date||2017-04-17|