Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Dow Jones U.S. Oil Equipment & Services Index (INDEX:DJUSOI)
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 DJUSOI
The long term trend has been UP since Dec 23rd, 2019 at 250.15
The intermediate term trend has been DOWN since Jan 14th, 2020 at 241.20
The short term trend has been UP since Jan 17th, 2020 at 244.55
Smart Scan Analysis for DJUSOI
Based on a pre-defined weighted trend formula for chart analysis, DJUSOI scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||495.22||52wk High Date||2018-01-23|
|52wk Low||295.98||52wk Low Date||2018-11-28|