Index Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Morningstar Israel Index PR ILS (CME:MSILILSP)
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 MSILILSP
The long term trend has been DOWN since May 13th, 2019 at 1736.42
The intermediate term trend has been DOWN since Aug 15th, 2019 at 1710.83
The short term trend has been UP since Aug 19th, 2019 at 1695.85
Smart Scan Analysis for MSILILSP
Based on a pre-defined weighted trend formula for chart analysis, MSILILSP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).