Index Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
ISE Global Engineering & Construction TR Index (NASDAQ:CVLTR)
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 CVLTR
The long term trend has been UP since Jan 7th, 2019 at 409.31
The intermediate term trend has been DOWN since Mar 25th, 2019 at 427.11
The short term trend has been DOWN since Mar 20th, 2019 at 434.88
Smart Scan Analysis for CVLTR
Based on a pre-defined weighted trend formula for chart analysis, CVLTR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).