Index Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
OFI Revenue Weighted Ultra Dividend Index (CME:REVWDIV)
Sidelines Mode (+55) - REVWDIV is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid REVWDIV?
MarketClub looks at technical strength and momentum to determine if the timing is right for REVWDIV.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for REVWDIV
The long-term trend has been UP since Dec 15th, 2021 at 2451.63
The intermediate-term trend has been UP since Dec 13th, 2021 at 2426.93
The short-term trend has been DOWN since Jan 18th, 2022 at 2563.57
Smart Scan Analysis for REVWDIV
Based on our trend formula, REVWDIV is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2347.46||52wk High Date||2018-09-17|
|52wk Low||1998.87||52wk Low Date||2018-02-09|