Index Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Dow Jones New Zealand Index (INDEX:NZDOW)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 NZDOW
The long term trend has been UP since Feb 6th, 2019 at 271.77
The intermediate term trend has been UP since Sep 3rd, 2019 at 323.72
The short term trend has been DOWN since Sep 10th, 2019 at 330.23
Smart Scan Analysis for NZDOW
Based on a pre-defined weighted trend formula for chart analysis, NZDOW scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||284.63||52wk High Date||2018-08-29|
|52wk Low||246.81||52wk Low Date||2018-02-15|