Index Trend Analysis Report
Prepared for you on Sunday, October 25, 2020.
Dow Jones Industrial Average Equal Weight Index TR (GIF:DJIEWTR)
Countertrend Up (+85) - DJIEWTR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid DJIEWTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJIEWTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJIEWTR
The long-term trend has been UP since Jun 3rd, 2020 at 17543.21
The intermediate-term trend has been UP since Oct 8th, 2020 at 18320.85
The short-term trend has been DOWN since Oct 14th, 2020 at 18354.42
Smart Scan Analysis for DJIEWTR
Based on our trend formula, DJIEWTR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).