Index Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
KBW REGIONAL BANKING INDEX (NASDAQ:KRX)
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 KRX
The long term trend has been DOWN since Aug 7th, 2019 at 93.720
The intermediate term trend has been DOWN since Oct 2nd, 2019 at 95.057
The short term trend has been UP since Oct 7th, 2019 at 96.840
Smart Scan Analysis for KRX
Based on a pre-defined weighted trend formula for chart analysis, KRX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||122.79000000||52wk High Date||2018-06-07|
|52wk Low||94.48000000||52wk Low Date||2018-10-24|