Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Dow Jones U.S. Oil & Gas Producers Index (INDEX:DJUSOG)
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 DJUSOG
The long term trend has been UP since Jan 3rd, 2020 at 558.73
The intermediate term trend has been DOWN since Jan 17th, 2020 at 542.52
The short term trend has been DOWN since Jan 17th, 2020 at 545.20
Smart Scan Analysis for DJUSOG
Based on a pre-defined weighted trend formula for chart analysis, DJUSOG scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||717.31||52wk High Date||2018-10-09|
|52wk Low||561.12||52wk Low Date||2018-02-09|