Index Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
Dow Jones Americas Oil & Gas Index (INDEX:A1ENE)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 A1ENE
The long term trend has been DOWN since May 23rd, 2019 at 481.52
The intermediate term trend has been UP since Oct 28th, 2019 at 464.45
The short term trend has been DOWN since Nov 12th, 2019 at 466.14
Smart Scan Analysis for A1ENE
Based on a pre-defined weighted trend formula for chart analysis, A1ENE scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||617||52wk High Date||2018-05-22|
|52wk Low||492.1||52wk Low Date||2018-11-23|