Index Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Goldman Sachs BRICs Nifty 50 Emerging Markets Tradable Index (CME:N50EMPRT)
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 N50EMPRT
The long term trend has been DOWN since May 19th, 2019 at 1133.57
The intermediate term trend has been DOWN since Oct 1st, 2019 at 1099.19
The short term trend has been UP since Oct 10th, 2019 at 1089.75
Smart Scan Analysis for N50EMPRT
Based on a pre-defined weighted trend formula for chart analysis, N50EMPRT scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1417.48000000||52wk High Date||2018-01-29|
|52wk Low||1004.61000000||52wk Low Date||2018-10-30|