Index Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Dow Jones U.S. Biotechnology Total Stock Market Index (INDEX:DWCBTC)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DWCBTC
The long term trend has been DOWN since May 10th, 2019 at 12558.85
The intermediate term trend has been DOWN since Jul 12th, 2019 at 12815.68
The short term trend has been UP since Sep 11th, 2019 at 12650.81
Smart Scan Analysis for DWCBTC
Based on a pre-defined weighted trend formula for chart analysis, DWCBTC scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||15195.89||52wk High Date||2018-01-29|
|52wk Low||12277.64||52wk Low Date||2018-10-29|