Index Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
DJ COMPOSITE INTERNET (INDEX:DJINET)
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 DJINET
The long term trend has been DOWN since Oct 5th, 2018 at 601.77
The intermediate term trend has been UP since Dec 3rd, 2018 at 570.22
The short term trend has been DOWN since Dec 6th, 2018 at 556.35
Smart Scan Analysis for DJINET
Based on a pre-defined weighted trend formula for chart analysis, DJINET scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||664.45||52wk High Date||2018-07-25|
|52wk Low||475.3||52wk Low Date||2017-12-05|