Index Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
HSBC Saudi 20 Shariah Index NTR (CME:HSBCS20N)
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 HSBCS20N
The long term trend has been DOWN since May 13th, 2019 at 180.20
The intermediate term trend has been UP since Jul 15th, 2019 at 190.91
The short term trend has been UP since Jul 10th, 2019 at 189.40
Smart Scan Analysis for HSBCS20N
Based on a pre-defined weighted trend formula for chart analysis, HSBCS20N scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||183.37||52wk High Date||2018-06-04|
|52wk Low||150.67||52wk Low Date||2017-11-30|