Index Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Morningstar Egypt Index PR EGP (CME:MSEGEGPP)
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 MSEGEGPP
The long term trend has been DOWN since Sep 24th, 2019 at 27701.00
The intermediate term trend has been DOWN since Sep 23rd, 2019 at 30368.34
The short term trend has been DOWN since Oct 9th, 2019 at 29502.51
Smart Scan Analysis for MSEGEGPP
Based on a pre-defined weighted trend formula for chart analysis, MSEGEGPP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).