Index Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
S&P SRI LANKA 20 INDEX (LKR) (CME:SPLK20LP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SPLK20LP
The long term trend has been DOWN since Dec 19th, 2017 at 3653.76
The intermediate term trend has been DOWN since Dec 18th, 2018 at 3116.98
The short term trend has been UP since May 21st, 2019 at 2469.69
Smart Scan Analysis for SPLK20LP
Based on a pre-defined weighted trend formula for chart analysis, SPLK20LP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3817.03||52wk High Date||2018-01-09|
|52wk Low||2898.07||52wk Low Date||2018-10-19|