Index Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
MORNINGSTAR MID-CAP INDEX (CME:MMCP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 MMCP
The long term trend has been UP since Feb 12th, 2019 at 9522.00
The intermediate term trend has been DOWN since May 7th, 2019 at 9984.50
The short term trend has been DOWN since May 23rd, 2019 at 9794.36
Smart Scan Analysis for MMCP
Based on a pre-defined weighted trend formula for chart analysis, MMCP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10132.96||52wk High Date||2018-08-29|
|52wk Low||8774.86||52wk Low Date||2018-10-29|