Index Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Dow Jones U.S. Broadline Retailers Index (INDEX:DJUSRB)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 DOWN since Oct 3rd, 2019 at 1855.33
The intermediate term trend has been UP since Nov 26th, 2019 at 1972.55
The short term trend has been DOWN since Dec 2nd, 2019 at 1958.32
Smart Scan Analysis for DJUSRB
Based on a pre-defined weighted trend formula for chart analysis, DJUSRB scored -75 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|