Index Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
iShares US TELECOM ETF (PACF:IYZ.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 IYZ.IV
The long term trend has been DOWN since Oct 7th, 2016 at 31.3946
The intermediate term trend has been DOWN since Oct 18th, 2017 at 30.4028
The short term trend has been UP since Nov 16th, 2017 at 27.9245
Smart Scan Analysis for IYZ.IV
Based on a pre-defined weighted trend formula for chart analysis, IYZ.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||36.6397||52wk High Date||2017-01-05|
|52wk Low||27.2549||52wk Low Date||2017-11-14|