Index Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
S&P GLOBAL TIMBER & FORESTRY INDEX TRUST (CME:SPGTTFT)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SPGTTFT
The long term trend has been DOWN since Jul 20th, 2018 at 3016.13
The intermediate term trend has been UP since Apr 1st, 2019 at 2599.58
The short term trend has been DOWN since Apr 16th, 2019 at 2621.22
Smart Scan Analysis for SPGTTFT
Based on a pre-defined weighted trend formula for chart analysis, SPGTTFT scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3295.71||52wk High Date||2018-06-07|
|52wk Low||2464.96||52wk Low Date||2018-11-28|