Index Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
Dow Jones Mexico Index (INDEX:MXDOW)
Countertrend Up (+85) - MXDOW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MXDOW?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXDOW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXDOW
The long-term trend has been UP since Nov 9th, 2020 at 2613.36
The intermediate-term trend has been UP since Feb 22nd, 2021 at 3014.21
The short-term trend has been DOWN since May 12th, 2021 at 3249.04
Smart Scan Analysis for MXDOW
Based on our trend formula, MXDOW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3379.11||52wk High Date||2018-01-26|
|52wk Low||2606.96||52wk Low Date||2018-11-26|