Index Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Dow Jones BRIC India 15 Index (USD) (INDEX:B50IND)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 B50IND
The long term trend has been UP since Feb 1st, 2019 at 679.99
The intermediate term trend has been DOWN since Jun 17th, 2019 at 736.11
The short term trend has been DOWN since Jun 21st, 2019 at 735.29
Smart Scan Analysis for B50IND
Based on a pre-defined weighted trend formula for chart analysis, B50IND scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||723.88||52wk High Date||2018-01-29|
|52wk Low||583.55||52wk Low Date||2018-10-26|