Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
World Solar Energy Index (EUR) (CME:SOLEXP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 SOLEXP
The long term trend has been UP since Dec 17th, 2018 at 104.35
The intermediate term trend has been DOWN since Aug 14th, 2019 at 129.51
The short term trend has been UP since Aug 18th, 2019 at 134.42
Smart Scan Analysis for SOLEXP
Based on a pre-defined weighted trend formula for chart analysis, SOLEXP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||129.75||52wk High Date||2018-05-16|
|52wk Low||80.34||52wk Low Date||2018-10-29|