Index Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Dow Jones U.S. Oil Equipment, Services & Distribution Total Return Index (INDEX:DJUSOQT)
Long-Term Downtrend (-90) - DJUSOQT is in a strong downtrend that is likely to continue. While DJUSOQT is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DJUSOQT?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJUSOQT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJUSOQT
The long-term trend has been DOWN since Dec 7th, 2023 at 708.67
The intermediate-term trend has been DOWN since Nov 7th, 2023 at 728.68
The short-term trend has been DOWN since Dec 5th, 2023 at 737.02
Smart Scan Analysis for DJUSOQT
Based on our trend formula, DJUSOQT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1186.36||52wk High Date||2017-12-06|
|52wk Low||547.53||52wk Low Date||2018-11-28|