Index Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
DJ BANKS EURO INDEX (INDEX:DJTBAKE)
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 DJTBAKE
The long term trend has been UP since Oct 2nd, 2017 at 100.97
The intermediate term trend has been DOWN since Nov 12th, 2017 at 101.13
The short term trend has been DOWN since Nov 20th, 2017 at 99.20
Smart Scan Analysis for DJTBAKE
Based on a pre-defined weighted trend formula for chart analysis, DJTBAKE scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||106.55||52wk High Date||2017-03-02|
|52wk Low||92.53||52wk Low Date||2016-11-21|