Index Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
DJ BRIC BRAZIL 15 INDEX USD (INDEX:B50BRD)
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 B50BRD
The long term trend has been DOWN since May 10th, 2019 at 578.69
The intermediate term trend has been DOWN since Mar 27th, 2019 at 597.99
The short term trend has been DOWN since Apr 30th, 2019 at 601.71
Smart Scan Analysis for B50BRD
Based on a pre-defined weighted trend formula for chart analysis, B50BRD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||729.43||52wk High Date||2018-01-31|
|52wk Low||453.5||52wk Low Date||2018-09-05|