Index Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
DJ US SELECT OIL EQUIPMENT & SERVICES TOTAL RETURN (INDEX:DJSOEST)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DJSOEST
The long term trend has been DOWN since Aug 15th, 2018 at 5675.45
The intermediate term trend has been UP since Jan 7th, 2019 at 3764.44
The short term trend has been UP since Feb 13th, 2019 at 4177.90
Smart Scan Analysis for DJSOEST
Based on a pre-defined weighted trend formula for chart analysis, DJSOEST scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7039.95||52wk High Date||2017-12-06|
|52wk Low||4250.36||52wk Low Date||2018-11-28|