Index Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Benchmark Retail Real Estate SCTR NTR Index (NASDAQ:RTLSCNR)
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 RTLSCNR
The long term trend has been UP since Sep 10th, 2019 at 1031.73
The intermediate term trend has been DOWN since Nov 11th, 2019 at 1043.21
The short term trend has been DOWN since Dec 2nd, 2019 at 1039.95
Smart Scan Analysis for RTLSCNR
Based on a pre-defined weighted trend formula for chart analysis, RTLSCNR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).