Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
DYNAMIC ENER EXPLORATION & PRODUCTS INDEX (PACF:DWE)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 DWE
The long term trend has been DOWN since Oct 19th, 2018 at 5034.9692
The intermediate term trend has been DOWN since Oct 11th, 2018 at 5257.7085
The short term trend has been UP since Nov 29th, 2018 at 4268.7248
Smart Scan Analysis for DWE
Based on a pre-defined weighted trend formula for chart analysis, DWE scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5695.45||52wk High Date||2018-10-03|
|52wk Low||3893.158||52wk Low Date||2018-02-09|