Index Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
GLOBAL X SILVER MINERS IV (PACF:SIL.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 negative trend to resume. Downtrend 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 SIL.IV
The long term trend has been DOWN since Oct 4th, 2016 at 42.4761
The intermediate term trend has been DOWN since Aug 7th, 2017 at 32.8198
The short term trend has been UP since Aug 17th, 2017 at 33.6928
Smart Scan Analysis for SIL.IV
Based on a pre-defined weighted trend formula for chart analysis, SIL.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||53.3868||52wk High Date||2016-08-18|
|52wk Low||30.1437||52wk Low Date||2016-12-28|