Index Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
S&P Global Clean Energy Index (KRW) (Net TR) (CME:SPGTCEKN)
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 SPGTCEKN
The long term trend has been DOWN since Nov 4th, 2019 at 444.52
The intermediate term trend has been UP since Nov 25th, 2019 at 450.92
The short term trend has been UP since Nov 11th, 2019 at 444.05
Smart Scan Analysis for SPGTCEKN
Based on a pre-defined weighted trend formula for chart analysis, SPGTCEKN scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).