Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
POWERSHARES S&P 500 QVM UCITS ETF (PACF:PQVMCH.IV)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 PQVMCH.IV
The long term trend has been DOWN since Oct 25th, 2018 at 293678
The intermediate term trend has been DOWN since Nov 20th, 2018 at 291015
The short term trend has been UP since Nov 26th, 2018 at 291145
Smart Scan Analysis for PQVMCH.IV
Based on a pre-defined weighted trend formula for chart analysis, PQVMCH.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||321010||52wk High Date||2018-10-03|
|52wk Low||270157||52wk Low Date||2018-02-06|