Index Trend Analysis Report
Prepared for you on Sunday, September 22, 2019.
BNY Mellon BRIC Select DR Index (CME:DRBRIC)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DRBRIC
The long term trend has been DOWN since May 13th, 2019 at 4634.20
The intermediate term trend has been UP since Sep 4th, 2019 at 4592.24
The short term trend has been DOWN since Sep 17th, 2019 at 4737.66
Smart Scan Analysis for DRBRIC
Based on a pre-defined weighted trend formula for chart analysis, DRBRIC scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5508.88||52wk High Date||2018-01-29|
|52wk Low||4197.17||52wk Low Date||2018-10-29|