Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Dow Jones Chile Index (USD) (INDEX:CLDOWD)
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 CLDOWD
The long term trend has been DOWN since May 2nd, 2019 at 469.62
The intermediate term trend has been DOWN since Oct 21st, 2019 at 417.49
The short term trend has been UP since Dec 4th, 2019 at 346.15
Smart Scan Analysis for CLDOWD
Based on a pre-defined weighted trend formula for chart analysis, CLDOWD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||624.42||52wk High Date||2018-02-01|
|52wk Low||449.36||52wk Low Date||2018-10-31|