Index Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
TASE-BlueStar Israel Global Technology Index (CME:BGTH)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 BGTH
The long term trend has been UP since Feb 1st, 2019 at 273.44
The intermediate term trend has been DOWN since Sep 9th, 2019 at 320.42
The short term trend has been UP since Sep 17th, 2019 at 319.83
Smart Scan Analysis for BGTH
Based on a pre-defined weighted trend formula for chart analysis, BGTH scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||286.25||52wk High Date||2018-09-04|
|52wk Low||236.15||52wk Low Date||2018-02-09|