Index Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
UK TITANS 50 INDEX (BRITISH POUNDS) (INDEX:UK50)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 UK50
The long term trend has been DOWN since Dec 20th, 2018 at 269.01
The intermediate term trend has been UP since Feb 1st, 2019 at 281.52
The short term trend has been DOWN since Feb 19th, 2019 at 289.30
Smart Scan Analysis for UK50
Based on a pre-defined weighted trend formula for chart analysis, UK50 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||313.78||52wk High Date||2018-05-22|
|52wk Low||273.28||52wk Low Date||2018-03-26|