Index Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
NYSE ARCA MEXICO INDEX (PACF:MXY)
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 MXY
The long term trend has been DOWN since Oct 6th, 2017 at 229.8823
The intermediate term trend has been DOWN since Aug 13th, 2018 at 204.5457
The short term trend has been UP since Sep 10th, 2018 at 206.2666
Smart Scan Analysis for MXY
Based on a pre-defined weighted trend formula for chart analysis, MXY scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||238.6754||52wk High Date||2017-09-20|
|52wk Low||183.5089||52wk Low Date||2018-05-31|