Index Trend Analysis Report
Prepared for you on Friday, January 19, 2018.
DJ OIL & GAS TITANS 30 TOTAL RETURN (INDEX:DJTENGT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 DJTENGT
The long term trend has been UP since Aug 1st, 2017 at 820.64
The intermediate term trend has been UP since Nov 1st, 2017 at 871.18
The short term trend has been DOWN since Jan 19th, 2018 at 971.15
Smart Scan Analysis for DJTENGT
Based on a pre-defined weighted trend formula for chart analysis, DJTENGT scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||982.49||52wk High Date||2018-01-16|
|52wk Low||769.18||52wk Low Date||2017-07-07|