Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
FIRST TRUST DOW SELECT MICRO-CAP IND [EST CASH/UNIT] (PACF:FDM.EU)
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 FDM.EU
The long term trend has been DOWN since Jun 21st, 2018 at 59.1326
The intermediate term trend has been DOWN since Aug 6th, 2018 at 1588.5564
The short term trend has been DOWN since Aug 13th, 2018 at 1598.6814
Smart Scan Analysis for FDM.EU
Based on a pre-defined weighted trend formula for chart analysis, FDM.EU scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||23564.2||52wk High Date||2018-02-16|
|52wk Low||-4185.534||52wk Low Date||2017-08-21|