Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Dow Jones Singapore Index (INDEX:SGDOW)
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 SGDOW
The long term trend has been UP since Jul 4th, 2019 at 284.50
The intermediate term trend has been DOWN since Jul 31st, 2019 at 280.30
The short term trend has been DOWN since Aug 14th, 2019 at 270.48
Smart Scan Analysis for SGDOW
Based on a pre-defined weighted trend formula for chart analysis, SGDOW scored -60 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|