Index Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Dow Jones U.S. Electrical Components & Equipment Index (INDEX:DJUSEC)
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 DJUSEC
The long term trend has been UP since Nov 4th, 2019 at 375.62
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 370.78
The short term trend has been UP since Dec 6th, 2019 at 376.24
Smart Scan Analysis for DJUSEC
Based on a pre-defined weighted trend formula for chart analysis, DJUSEC scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||402.25||52wk High Date||2018-01-24|
|52wk Low||322.39||52wk Low Date||2018-10-26|