Index Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
NYSE ARCA JAPAN INDEX (PACF:JPN)
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 JPN
The long term trend has been DOWN since Jun 25th, 2018 at 28.5825
The intermediate term trend has been DOWN since Oct 10th, 2018 at 28.4300
The short term trend has been DOWN since Oct 18th, 2018 at 27.5322
Smart Scan Analysis for JPN
Based on a pre-defined weighted trend formula for chart analysis, JPN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||31.67||Year High Date||2018-01-24|
|Year Low||27.33||Year Low Date||2018-10-12|
|52wk High||255.4425||52wk High Date||2018-01-23|
|52wk Low||217.6993||52wk Low Date||2018-03-23|