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Index Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
OFI Revenue Weighted Financials Sector Index (CME:REVWFIN)
Sidelines Mode (-50) - REVWFIN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until REVWFIN can gain momentum.
Is it time to buy, sell, or avoid REVWFIN?
MarketClub looks at technical strength and momentum to determine if the timing is right for REVWFIN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for REVWFIN
The long-term trend has been UP since Nov 29th, 2023 at 1502.33
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 1754.70
The short-term trend has been DOWN since Apr 30th, 2024 at 1783.68
Smart Scan Analysis for REVWFIN
Based on our trend formula, REVWFIN is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1787.33 | 1801.32 | 1782.53 | 1792.26 | +4.93 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1792.26 | 0 | 2024-05-03 16:19:30 |
| 52wk High | 1257.62 | 52wk High Date | 2018-01-29 |
| 52wk Low | 1027.98 | 52wk Low Date | 2018-10-26 |