Index Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
GLOBAL X SILVER MINERS IV (PACF:SIL.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 SIL.IV
The long term trend has been DOWN since Oct 4th, 2016 at 42.4761
The intermediate term trend has been DOWN since Oct 25th, 2017 at 32.5616
The short term trend has been UP since Dec 11th, 2017 at 30.2219
Smart Scan Analysis for SIL.IV
Based on a pre-defined weighted trend formula for chart analysis, SIL.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||41.5103||52wk High Date||2017-02-08|
|52wk Low||29.4506||52wk Low Date||2017-12-07|