Index Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
DORSEY WRIGHT GLOBAL TECHNICAL LEADERS (NASDAQ:DWAGTL)
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 DWAGTL
The long term trend has been DOWN since Oct 4th, 2018 at 1187.83
The intermediate term trend has been UP since Jan 9th, 2019 at 1018.88
The short term trend has been UP since Jan 16th, 2019 at 1026.45
Smart Scan Analysis for DWAGTL
Based on a pre-defined weighted trend formula for chart analysis, DWAGTL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1270.04||52wk High Date||2018-08-31|
|52wk Low||1022.89||52wk Low Date||2018-11-20|