Index Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
GLOBAL X MILLENNIALS THEMATIC ETF (PACF:MILN.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 positive trend to resume. Uptrend 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 MILN.IV
The long term trend has been UP since Dec 8th, 2016 at 16.0912
The intermediate term trend has been UP since Aug 20th, 2018 at 22.9495
The short term trend has been DOWN since Sep 17th, 2018 at 23.4046
Smart Scan Analysis for MILN.IV
Based on a pre-defined weighted trend formula for chart analysis, MILN.IV scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||23.7596||52wk High Date||2018-09-13|
|52wk Low||17.8137||52wk Low Date||2017-09-25|