Index Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
GLOBAL X CHINA MATERIALS IND VALUE (PACF:CHIM.IV)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 CHIM.IV
The long term trend has been DOWN since Apr 4th, 2018 at 20.8591
The intermediate term trend has been DOWN since Aug 6th, 2018 at 18.1228
The short term trend has been UP since Sep 14th, 2018 at 17.0241
Smart Scan Analysis for CHIM.IV
Based on a pre-defined weighted trend formula for chart analysis, CHIM.IV scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||23.9938||52wk High Date||2018-02-02|
|52wk Low||16.4972||52wk Low Date||2018-09-12|