Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
SHORT MSCI EMERGING MARKETS PROSHARES IND VALUE (PACF:EUM.IV)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 EUM.IV
The long term trend has been DOWN since Jan 24th, 2017 at 23.3897
The intermediate term trend has been DOWN since May 14th, 2018 at 17.4828
The short term trend has been UP since May 15th, 2018 at 17.9473
Smart Scan Analysis for EUM.IV
Based on a pre-defined weighted trend formula for chart analysis, EUM.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||21.2063||52wk High Date||2017-06-15|
|52wk Low||16.226||52wk Low Date||2018-01-26|