Index Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
FIRST TRUST GERMANY ALPHADEX F (PACF:FGM.IV)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 FGM.IV
The long term trend has been DOWN since Mar 2nd, 2018 at 49.0831
The intermediate term trend has been DOWN since Sep 28th, 2018 at 46.5349
The short term trend has been UP since Nov 29th, 2018 at 40.7427
Smart Scan Analysis for FGM.IV
Based on a pre-defined weighted trend formula for chart analysis, FGM.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||55.4439||52wk High Date||2018-01-25|
|52wk Low||39.4703||52wk Low Date||2018-11-20|