Index Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
DJ US OIL EQP SERVICE (INDEX:DJUSOQ)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 DJUSOQ
The long term trend has been DOWN since Aug 15th, 2018 at 469.59
The intermediate term trend has been DOWN since Jul 23rd, 2018 at 472.06
The short term trend has been UP since Aug 21st, 2018 at 468.36
Smart Scan Analysis for DJUSOQ
Based on a pre-defined weighted trend formula for chart analysis, DJUSOQ scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||544.08||52wk High Date||2018-01-23|
|52wk Low||428.49||52wk Low Date||2018-04-02|