Index Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
Dow Jones Israel Select Oil & Gas Total Return Index (INDEX:DJILSOGT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DJILSOGT
The long term trend has been DOWN since May 2nd, 2019 at 1067.48
The intermediate term trend has been DOWN since May 1st, 2019 at 1079.66
The short term trend has been UP since Aug 21st, 2019 at 972.46
Smart Scan Analysis for DJILSOGT
Based on a pre-defined weighted trend formula for chart analysis, DJILSOGT scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1105.84||52wk High Date||2018-11-18|
|52wk Low||868.4||52wk Low Date||2018-02-14|