Index Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
EUROPEAN RENEWABLE ENERGY TOTAL RETURN I (CME:ERIXD)
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 ERIXD
The long term trend has been UP since Jan 9th, 2019 at 1150.00
The intermediate term trend has been UP since Jan 9th, 2019 at 1150.00
The short term trend has been DOWN since Mar 22nd, 2019 at 1277.29
Smart Scan Analysis for ERIXD
Based on a pre-defined weighted trend formula for chart analysis, ERIXD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1167.97||52wk High Date||2018-05-22|
|52wk Low||926.49||52wk Low Date||2017-12-06|