Index Trend Analysis Report
Prepared for you on Monday, April 22, 2019.
DJ US BASIC MATERIALS (INDEX:DJUSBM)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DJUSBM
The long term trend has been UP since Apr 2nd, 2019 at 377.68
The intermediate term trend has been UP since Apr 2nd, 2019 at 374.03
The short term trend has been UP since Apr 12th, 2019 at 382.78
Smart Scan Analysis for DJUSBM
Based on a pre-defined weighted trend formula for chart analysis, DJUSBM scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||436.11||52wk High Date||2018-01-25|
|52wk Low||343.16||52wk Low Date||2018-10-26|