Index Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Dow Jones BRIC India 15 Index (USD) (INDEX:B50IND)
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 B50IND
The long term trend has been DOWN since Aug 5th, 2019 at 688.70
The intermediate term trend has been DOWN since Jul 19th, 2019 at 735.89
The short term trend has been DOWN since Sep 16th, 2019 at 686.64
Smart Scan Analysis for B50IND
Based on a pre-defined weighted trend formula for chart analysis, B50IND scored -100 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|