Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
SGI Pan Africa Index (Net TR) (CME:SGIXPA)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SGIXPA
The long term trend has been DOWN since May 15th, 2019 at 76.45
The intermediate term trend has been DOWN since Nov 13th, 2019 at 77.97
The short term trend has been UP since Dec 4th, 2019 at 76.47
Smart Scan Analysis for SGIXPA
Based on a pre-defined weighted trend formula for chart analysis, SGIXPA scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||93.75||52wk High Date||2018-01-25|
|52wk Low||68.8||52wk Low Date||2018-10-30|