Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
FIRST TRUST DOW SELECT MICRO-CAP IND [EST CASH/UNIT] (PACF:FDM.EU)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Oct 1st, 2018 at 546.1051
The short term trend has been DOWN since Oct 19th, 2018 at 813.2145
Smart Scan Analysis for FDM.EU
Based on a pre-defined weighted trend formula for chart analysis, FDM.EU scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||23564.2||52wk High Date||2018-02-16|
|52wk Low||-8581.031||52wk Low Date||2018-08-20|