Index Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Dow Jones U.S. Mining Index (INDEX:DJUSMG)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DJUSMG
The long term trend has been UP since Jun 14th, 2019 at 82.64
The intermediate term trend has been DOWN since Sep 9th, 2019 at 88.20
The short term trend has been DOWN since Sep 16th, 2019 at 89.19
Smart Scan Analysis for DJUSMG
Based on a pre-defined weighted trend formula for chart analysis, DJUSMG scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||95.3||52wk High Date||2018-01-24|
|52wk Low||68.2||52wk Low Date||2018-10-25|