Index Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
DJ US IRON & STEEL (INDEX:DWCSTL)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DWCSTL
The long term trend has been DOWN since Mar 27th, 2017 at 2498.84
The intermediate term trend has been UP since Aug 31st, 2017 at 2448.65
The short term trend has been UP since Oct 12th, 2017 at 2485.40
Smart Scan Analysis for DWCSTL
Based on a pre-defined weighted trend formula for chart analysis, DWCSTL scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2991.17||52wk High Date||2016-12-08|
|52wk Low||1942.54||52wk Low Date||2016-10-17|