Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Guggenheim RBP Large-Cap Value Index (CME:DRLVAL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 DRLVAL
The long term trend has been DOWN since May 29th, 2019 at 5486.87
The intermediate term trend has been UP since Jun 10th, 2019 at 5709.96
The short term trend has been UP since Jul 19th, 2019 at 5890.91
Smart Scan Analysis for DRLVAL
Based on a pre-defined weighted trend formula for chart analysis, DRLVAL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5981.16||52wk High Date||2018-09-21|
|52wk Low||5272.18||52wk Low Date||2018-10-26|