Index Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
World Solar Energy Total Return Index (EUR) (CME:SOLEX)
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 SOLEX
The long term trend has been UP since Jan 30th, 2019 at 108.48
The intermediate term trend has been DOWN since Sep 9th, 2019 at 137.43
The short term trend has been UP since Sep 12th, 2019 at 138.25
Smart Scan Analysis for SOLEX
Based on a pre-defined weighted trend formula for chart analysis, SOLEX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||134.58||52wk High Date||2018-05-31|
|52wk Low||83.52||52wk Low Date||2018-10-29|