Index Trend Analysis Report
Prepared for you on Tuesday, April 23, 2019.
WORLD URANIUM INDEX (EUR) (CME:URAXP)
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 URAXP
The long term trend has been UP since Apr 1st, 2019 at 316.67
The intermediate term trend has been UP since Mar 17th, 2019 at 311.50
The short term trend has been DOWN since Apr 11th, 2019 at 328.04
Smart Scan Analysis for URAXP
Based on a pre-defined weighted trend formula for chart analysis, URAXP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||314.22||52wk High Date||2018-06-06|
|52wk Low||258.38||52wk Low Date||2018-03-29|