Index Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
AlphaShares China Real Estate Index (CME:ACNRE)
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 ACNRE
The long term trend has been DOWN since May 23rd, 2019 at 5569.50
The intermediate term trend has been DOWN since Jul 14th, 2019 at 5773.90
The short term trend has been DOWN since Aug 22nd, 2019 at 5182.21
Smart Scan Analysis for ACNRE
Based on a pre-defined weighted trend formula for chart analysis, ACNRE scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||6599.27||52wk High Date||2018-01-29|
|52wk Low||4569.26||52wk Low Date||2018-10-25|