Index Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
DJ BRIC 50 DR INDEX (USD) (INDEX:B50DRD)
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 B50DRD
The long term trend has been UP since Dec 18th, 2018 at 686.59
The intermediate term trend has been UP since Jan 15th, 2019 at 674.98
The short term trend has been DOWN since Mar 21st, 2019 at 738.02
Smart Scan Analysis for B50DRD
Based on a pre-defined weighted trend formula for chart analysis, B50DRD scored +65 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|