Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
AlphaShares China Real Estate Index (CME:ACNRE)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 UP since Nov 4th, 2019 at 5422.69
The intermediate term trend has been DOWN since Nov 14th, 2019 at 5166.09
The short term trend has been DOWN since Nov 29th, 2019 at 5316.80
Smart Scan Analysis for ACNRE
Based on a pre-defined weighted trend formula for chart analysis, ACNRE scored +60 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|