Index Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Goldman Sachs BRICs Nifty 50 Emerging Markets Tradable Index (CME:N50EMPRT)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 UP since Jun 9th, 2019 at 1144.18
The short term trend has been UP since Jun 18th, 2019 at 1157.66
Smart Scan Analysis for N50EMPRT
Based on a pre-defined weighted trend formula for chart analysis, N50EMPRT scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1417.48||52wk High Date||2018-01-29|
|52wk Low||1004.61||52wk Low Date||2018-10-30|