Index Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
NYSE ARCA DEFENSE INDEX (PACF:DFI)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 DFI
The long term trend has been UP since Apr 22nd, 2016 at 2946.652
The intermediate term trend has been UP since Jul 3rd, 2017 at 4088.301
The short term trend has been DOWN since Oct 16th, 2017 at 4864.781
Smart Scan Analysis for DFI
Based on a pre-defined weighted trend formula for chart analysis, DFI scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4906.153||52wk High Date||2017-10-13|
|52wk Low||3233.617||52wk Low Date||2016-11-03|