Index Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Dow Jones U.S. Specialty Chemicals Total Stock Market Index (INDEX:DWCCHS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 DWCCHS
The long term trend has been DOWN since May 9th, 2019 at 10435.51
The intermediate term trend has been DOWN since Oct 1st, 2019 at 10531.83
The short term trend has been UP since Oct 11th, 2019 at 10167.58
Smart Scan Analysis for DWCCHS
Based on a pre-defined weighted trend formula for chart analysis, DWCCHS scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||11801.33000000||52wk High Date||2018-09-21|
|52wk Low||10044.86000000||52wk Low Date||2018-10-30|