Index Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
HSBC SAUDI 20 SHARIAH INDEX NET TRUST (CME:HSBCS20N)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since Jan 10th, 2019 at 177.04
The intermediate term trend has been UP since Dec 18th, 2018 at 172.35
The short term trend has been DOWN since Feb 19th, 2019 at 183.46
Smart Scan Analysis for HSBCS20N
Based on a pre-defined weighted trend formula for chart analysis, HSBCS20N scored +65 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|