Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Dow Jones Europe ex-U.K. Basic Materials Index (INDEX:E2BSC)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 E2BSC
The long term trend has been UP since Sep 11th, 2019 at 582.55
The intermediate term trend has been DOWN since Dec 2nd, 2019 at 604.16
The short term trend has been DOWN since Dec 10th, 2019 at 606.50
Smart Scan Analysis for E2BSC
Based on a pre-defined weighted trend formula for chart analysis, E2BSC scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||794.78||52wk High Date||2018-01-25|
|52wk Low||552.14||52wk Low Date||2018-11-28|