Index Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
DJ US ELECTRICITY (INDEX:DWCELC)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DWCELC
The long term trend has been DOWN since Dec 21st, 2017 at 2715.11
The intermediate term trend has been DOWN since May 9th, 2018 at 2593.07
The short term trend has been UP since May 22nd, 2018 at 2582.97
Smart Scan Analysis for DWCELC
Based on a pre-defined weighted trend formula for chart analysis, DWCELC scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2937.58||52wk High Date||2017-11-15|
|52wk Low||2460.23||52wk Low Date||2018-02-09|