Index Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
S&P/IFCI Large-Mid Cap Turkey total return index in local currency (CME:SPITRXLT)
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 SPITRXLT
The long term trend has been DOWN since Aug 28th, 2019 at 554.02
The intermediate term trend has been UP since Sep 5th, 2019 at 665.51
The short term trend has been DOWN since Sep 17th, 2019 at 674.81
Smart Scan Analysis for SPITRXLT
Based on a pre-defined weighted trend formula for chart analysis, SPITRXLT scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||752.76||52wk High Date||2018-01-29|
|52wk Low||529.78||52wk Low Date||2018-08-17|