Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Dow Jones U.S. Oil & Gas Index (INDEX:DJUSEN)
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 DJUSEN
The long term trend has been UP since Aug 28th, 2019 at 541.57
The intermediate term trend has been DOWN since Oct 1st, 2019 at 472.17
The short term trend has been UP since Oct 11th, 2019 at 461.43
Smart Scan Analysis for DJUSEN
Based on a pre-defined weighted trend formula for chart analysis, DJUSEN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||654.70000000||52wk High Date||2018-05-22|
|52wk Low||520.06000000||52wk Low Date||2018-11-23|