Index Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
DJ GLOBAL SHIPPING TRUST INDEX (INDEX:DJGSHT)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DJGSHT
The long term trend has been DOWN since Feb 9th, 2018 at 849.84
The intermediate term trend has been UP since Jan 9th, 2019 at 716.04
The short term trend has been DOWN since Jan 23rd, 2019 at 702.88
Smart Scan Analysis for DJGSHT
Based on a pre-defined weighted trend formula for chart analysis, DJGSHT scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||965.74||52wk High Date||2018-01-24|
|52wk Low||711.28||52wk Low Date||2018-10-25|