Index Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Goldman Sachs BRICs Nifty 50 Emerging Markets Index TR (CME:N50EMTR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 N50EMTR
The long term trend has been UP since Jan 16th, 2019 at 1425.94
The intermediate term trend has been UP since Jun 9th, 2019 at 1484.02
The short term trend has been DOWN since Jul 18th, 2019 at 1564.97
Smart Scan Analysis for N50EMTR
Based on a pre-defined weighted trend formula for chart analysis, N50EMTR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1720.49||52wk High Date||2018-01-29|
|52wk Low||1284.52||52wk Low Date||2018-10-30|