Index Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
DJ US BIOTECH (INDEX:DWCBTC)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DWCBTC
The long term trend has been DOWN since Oct 22nd, 2018 at 13200.80
The intermediate term trend has been UP since Jan 7th, 2019 at 12798.53
The short term trend has been UP since Jan 16th, 2019 at 13378.49
Smart Scan Analysis for DWCBTC
Based on a pre-defined weighted trend formula for chart analysis, DWCBTC scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||15195.89||52wk High Date||2018-01-29|
|52wk Low||12277.64||52wk Low Date||2018-10-29|