Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
GLOBAL X CHINA MATERIALS IND VALUE (PACF:CHIM.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 CHIM.IV
The long term trend has been UP since Jan 8th, 2018 at 21.9015
The intermediate term trend has been DOWN since Feb 7th, 2018 at 22.2477
The short term trend has been DOWN since Mar 16th, 2018 at 22.8814
Smart Scan Analysis for CHIM.IV
Based on a pre-defined weighted trend formula for chart analysis, CHIM.IV scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||23.9938||52wk High Date||2018-02-02|
|52wk Low||15.8882||52wk Low Date||2017-05-08|