Index Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
DJ COMP 20 DAY MOVING AVG ABOVE (DTN:@M204V)
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 @M204V
The long term trend has been UP since Apr 16th, 2018 at 73.85
The intermediate term trend has been DOWN since Aug 13th, 2018 at 53.85
The short term trend has been DOWN since Aug 9th, 2018 at 76.92
Smart Scan Analysis for @M204V
Based on a pre-defined weighted trend formula for chart analysis, @M204V scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).