Index Trend Analysis Report
Prepared for you on Friday, August 18, 2017.
MARKET VECTORS STEEL INDEX INT IND VALUE (PACF:KLX)
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 KLX
The long term trend has been UP since Aug 8th, 2017 at 42.0732
The intermediate term trend has been DOWN since Aug 11th, 2017 at 40.0825
The short term trend has been DOWN since Aug 17th, 2017 at 39.8795
Smart Scan Analysis for KLX
Based on a pre-defined weighted trend formula for chart analysis, KLX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||53.4574||52wk High Date||2017-04-17|
|52wk Low||27.7188||52wk Low Date||2016-09-13|