Index Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
Dow Jones Industrial Average Equal Weight Index TR (GIF:DJIEWTR)
Weak Downtrend (-65) - DJIEWTR is showing signs of a strengthening downtrend. Monitor DJIEWTR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid DJIEWTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJIEWTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJIEWTR
The long-term trend has been UP since Jun 3rd, 2020 at 17543.21
The intermediate-term trend has been DOWN since Oct 26th, 2020 at 17797.43
The short-term trend has been DOWN since Oct 14th, 2020 at 18354.42
Smart Scan Analysis for DJIEWTR
Based on our trend formula, DJIEWTR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).