Index Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
THE ASIA DOW (EUR) (INDEX:ADOWE)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ADOWE
The long term trend has been DOWN since May 13th, 2019 at 2731.99
The intermediate term trend has been DOWN since May 5th, 2019 at 2852.39
The short term trend has been DOWN since May 22nd, 2019 at 2725.61
Smart Scan Analysis for ADOWE
Based on a pre-defined weighted trend formula for chart analysis, ADOWE scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3007.33||52wk High Date||2018-01-23|
|52wk Low||2542.17||52wk Low Date||2018-10-26|