Index Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
Dow Jones Israel Select Oil & Gas Index (INDEX:DJILSOG)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DJILSOG
The long term trend has been DOWN since Dec 24th, 2018 at 784.31
The intermediate term trend has been UP since Nov 4th, 2019 at 708.93
The short term trend has been DOWN since Nov 20th, 2019 at 690.64
Smart Scan Analysis for DJILSOG
Based on a pre-defined weighted trend formula for chart analysis, DJILSOG scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||866.4||52wk High Date||2018-11-18|
|52wk Low||698.68||52wk Low Date||2018-06-28|