Index Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
DJ US SELECT PHARMACEUTICALS TOTAL RETURN (INDEX:DJSPHMT)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 DJSPHMT
The long term trend has been UP since Jun 11th, 2018 at 12653.68
The intermediate term trend has been DOWN since Sep 11th, 2018 at 13626.80
The short term trend has been DOWN since Sep 6th, 2018 at 13680.32
Smart Scan Analysis for DJSPHMT
Based on a pre-defined weighted trend formula for chart analysis, DJSPHMT scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||13863.96||52wk High Date||2018-08-30|
|52wk Low||11330.09||52wk Low Date||2018-05-03|