Index Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
S&P Brazil ADR Index (CME:SBBCBAP)
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 SBBCBAP
The long term trend has been DOWN since May 7th, 2019 at 108.57
The intermediate term trend has been UP since May 30th, 2019 at 110.93
The short term trend has been UP since Jun 19th, 2019 at 117.09
Smart Scan Analysis for SBBCBAP
Based on a pre-defined weighted trend formula for chart analysis, SBBCBAP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||128.44||52wk High Date||2018-02-27|
|52wk Low||82.05||52wk Low Date||2018-09-14|