Index Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
SGI Pan Africa Index (EURO) (Net TR) (CME:SGIXPAE)
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 SGIXPAE
The long term trend has been UP since Sep 11th, 2019 at 116.16
The intermediate term trend has been DOWN since Sep 30th, 2019 at 112.19
The short term trend has been UP since Oct 17th, 2019 at 111.72
Smart Scan Analysis for SGIXPAE
Based on a pre-defined weighted trend formula for chart analysis, SGIXPAE scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||120.38000000||52wk High Date||2018-05-16|
|52wk Low||95.83000000||52wk Low Date||2018-10-30|