Index Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
Dow Jones BRIC India 15 Index (EUR) (INDEX:B50INE)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 B50INE
The long term trend has been UP since Jan 25th, 2019 at 627.39
The intermediate term trend has been UP since Jul 1st, 2019 at 698.97
The short term trend has been DOWN since Jul 18th, 2019 at 695.96
Smart Scan Analysis for B50INE
Based on a pre-defined weighted trend formula for chart analysis, B50INE scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||649.73||52wk High Date||2018-08-13|
|52wk Low||531.03||52wk Low Date||2018-10-11|