Index Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
DJ US OIL EQUIPMENT SERVICES DIST TOTAL ST IND (INDEX:DWCOSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DWCOSD
The long term trend has been DOWN since Aug 15th, 2018 at 4498.92
The intermediate term trend has been DOWN since Oct 11th, 2018 at 4375.07
The short term trend has been DOWN since Dec 4th, 2018 at 3517.95
Smart Scan Analysis for DWCOSD
Based on a pre-defined weighted trend formula for chart analysis, DWCOSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5207.59||52wk High Date||2018-01-23|
|52wk Low||3491.53||52wk Low Date||2018-11-28|