Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Dow Jones Media Titans 30 Index (INDEX:DJTMDI)
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 DJTMDI
The long term trend has been UP since Feb 5th, 2019 at 574.99
The intermediate term trend has been DOWN since Oct 2nd, 2019 at 595.80
The short term trend has been UP since Oct 11th, 2019 at 603.10
Smart Scan Analysis for DJTMDI
Based on a pre-defined weighted trend formula for chart analysis, DJTMDI scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||611.85000000||52wk High Date||2018-01-26|
|52wk Low||523.57000000||52wk Low Date||2018-05-03|