Index Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
DJ TELECOM EURO INDEX (INDEX:DJTTELE)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DJTTELE
The long term trend has been UP since Mar 15th, 2019 at 296.18
The intermediate term trend has been DOWN since Apr 24th, 2019 at 293.85
The short term trend has been UP since May 16th, 2019 at 287.58
Smart Scan Analysis for DJTTELE
Based on a pre-defined weighted trend formula for chart analysis, DJTTELE scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||311.63||52wk High Date||2017-12-13|
|52wk Low||271.31||52wk Low Date||2018-03-26|