Index Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
NYSE ARCA MEXICO INDEX (PACF:MXY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 May 1st, 2018 at 205.8131
The short term trend has been DOWN since Jun 15th, 2018 at 188.7693
Smart Scan Analysis for MXY
Based on a pre-defined weighted trend formula for chart analysis, MXY scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||255.8281||52wk High Date||2017-07-19|
|52wk Low||183.5089||52wk Low Date||2018-05-31|