Index Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Dow Jones Singapore Index (INDEX:SGDOW)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SGDOW
The long term trend has been UP since Jul 4th, 2019 at 284.50
The intermediate term trend has been DOWN since Nov 29th, 2019 at 277.61
The short term trend has been UP since Dec 6th, 2019 at 277.20
Smart Scan Analysis for SGDOW
Based on a pre-defined weighted trend formula for chart analysis, SGDOW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||305.87||52wk High Date||2018-01-25|
|52wk Low||246.41||52wk Low Date||2018-10-30|