Index Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
Dow Jones U.S. Basic Resources Index (INDEX:DJUSBS)
Bull Market Weakness (+75) - DJUSBS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DJUSBS as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DJUSBS?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJUSBS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJUSBS
The long-term trend has been DOWN since Feb 27th, 2020 at 158.80
The intermediate-term trend has been UP since Apr 6th, 2020 at 134.29
The short-term trend has been UP since Apr 2nd, 2020 at 133.27
Smart Scan Analysis for DJUSBS
Based on our trend formula, DJUSBS is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||215.5||52wk High Date||2018-01-29|
|52wk Low||152.29||52wk Low Date||2018-11-28|