Index Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
DJ AUSTRALIAN INDEX (INDEX:DJAU)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 DJAU
The long term trend has been UP since Feb 5th, 2019 at 401.51
The intermediate term trend has been UP since Dec 30th, 2018 at 384.73
The short term trend has been DOWN since Mar 19th, 2019 at 416.61
Smart Scan Analysis for DJAU
Based on a pre-defined weighted trend formula for chart analysis, DJAU scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||428.5||52wk High Date||2018-08-30|
|52wk Low||373.17||52wk Low Date||2018-11-21|