Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Dow Jones BRIC 50 DR Index (USD) (INDEX:B50DRD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 B50DRD
The long term trend has been DOWN since May 13th, 2019 at 691.51
The intermediate term trend has been UP since Jun 9th, 2019 at 695.43
The short term trend has been UP since Jul 15th, 2019 at 728.03
Smart Scan Analysis for B50DRD
Based on a pre-defined weighted trend formula for chart analysis, B50DRD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||837.21||52wk High Date||2018-01-29|
|52wk Low||614||52wk Low Date||2018-10-30|