Index Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
DAIWA ETF TOPIX 17 FINANCIALS IOPV (PACF:C649.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 C649.IV
The long term trend has been UP since Sep 20th, 2018 at 14307.7686
The intermediate term trend has been DOWN since Oct 14th, 2018 at 13772.1416
The short term trend has been DOWN since Oct 22nd, 2018 at 13959.9360
Smart Scan Analysis for C649.IV
Based on a pre-defined weighted trend formula for chart analysis, C649.IV scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||15390.72||52wk High Date||2018-01-24|
|52wk Low||12764.48||52wk Low Date||2018-03-26|