Index Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
AlphaShares China All Cap Index (CME:ACNAC)
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 ACNAC
The long term trend has been DOWN since May 13th, 2019 at 284.27
The intermediate term trend has been DOWN since Jul 30th, 2019 at 283.63
The short term trend has been DOWN since Aug 22nd, 2019 at 272.52
Smart Scan Analysis for ACNAC
Based on a pre-defined weighted trend formula for chart analysis, ACNAC scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||373.12||52wk High Date||2018-01-29|
|52wk Low||254.05||52wk Low Date||2018-10-30|