Index Trend Analysis Report
Prepared for you on Wednesday, August 21, 2019.
World Bioenergy Index (USD) (CME:BIOXPD)
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 BIOXPD
The long term trend has been DOWN since May 16th, 2019 at 98.17
The intermediate term trend has been DOWN since Jul 17th, 2019 at 95.10
The short term trend has been UP since Aug 19th, 2019 at 82.67
Smart Scan Analysis for BIOXPD
Based on a pre-defined weighted trend formula for chart analysis, BIOXPD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||120.89||52wk High Date||2018-01-29|
|52wk Low||87.33||52wk Low Date||2018-07-05|