Index Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
DJ US SEMICONDUCTORS (INDEX:DWCSEM)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DWCSEM
The long term trend has been DOWN since Sep 12th, 2018 at 27368.14
The intermediate term trend has been UP since Dec 3rd, 2018 at 25806.45
The short term trend has been UP since Dec 11th, 2018 at 24818.54
Smart Scan Analysis for DWCSEM
Based on a pre-defined weighted trend formula for chart analysis, DWCSEM scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||31080.63||52wk High Date||2018-06-07|
|52wk Low||23460.58||52wk Low Date||2018-10-29|