Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Morningstar Chile Index PR CLP (CME:MSCLCLPP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 MSCLCLPP
The long term trend has been DOWN since Nov 6th, 2019 at 3918.45
The intermediate term trend has been UP since Dec 13th, 2019 at 4121.81
The short term trend has been DOWN since Jan 15th, 2020 at 4113.30
Smart Scan Analysis for MSCLCLPP
Based on a pre-defined weighted trend formula for chart analysis, MSCLCLPP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).