Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Dow Jones Europe - Nordic Index (INDEX:E3DOW)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 E3DOW
The long term trend has been UP since Nov 1st, 2019 at 685.94
The intermediate term trend has been DOWN since Jan 27th, 2020 at 718.83
The short term trend has been DOWN since Jan 21st, 2020 at 733.70
Smart Scan Analysis for E3DOW
Based on a pre-defined weighted trend formula for chart analysis, E3DOW scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||766.18||52wk High Date||2018-01-25|
|52wk Low||616.64||52wk Low Date||2018-11-20|