Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Dow Jones U.S. Banks Total Return Index (INDEX:DJUSBKT)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 DJUSBKT
The long term trend has been UP since Sep 13th, 2019 at 993.49
The intermediate term trend has been DOWN since Jan 6th, 2020 at 1103.25
The short term trend has been DOWN since Jan 15th, 2020 at 1094.57
Smart Scan Analysis for DJUSBKT
Based on a pre-defined weighted trend formula for chart analysis, DJUSBKT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1057.48||52wk High Date||2018-01-29|
|52wk Low||870.69||52wk Low Date||2018-10-24|