Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Dow Jones U.S. Broadline Retailers Index (INDEX:DJUSRB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management 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 DJUSRB
The long term trend has been UP since Mar 19th, 2019 at 1860.76
The intermediate term trend has been UP since Jun 10th, 2019 at 1938.06
The short term trend has been DOWN since Jul 17th, 2019 at 2095.56
Smart Scan Analysis for DJUSRB
Based on a pre-defined weighted trend formula for chart analysis, DJUSRB scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2097.63||52wk High Date||2018-09-04|
|52wk Low||1309.37||52wk Low Date||2017-12-05|