Index Trend Analysis Report
Prepared for you on Tuesday, April 23, 2019.
DJ PHILIPPINES STOCK INDEX (INDEX:PHDOW)
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 PHDOW
The long term trend has been UP since Jan 3rd, 2019 at 771.67
The intermediate term trend has been DOWN since Apr 15th, 2019 at 788.46
The short term trend has been DOWN since Apr 22nd, 2019 at 790.05
Smart Scan Analysis for PHDOW
Based on a pre-defined weighted trend formula for chart analysis, PHDOW scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||899.47||52wk High Date||2018-01-29|
|52wk Low||681.94||52wk Low Date||2018-10-11|