Index Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Dow Jones U.S. Exploration & Production Total Stock Market Index (INDEX:DWCEXP)
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 DWCEXP
The long term trend has been DOWN since May 23rd, 2019 at 6159.48
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 5769.10
The short term trend has been UP since Dec 6th, 2019 at 5871.06
Smart Scan Analysis for DWCEXP
Based on a pre-defined weighted trend formula for chart analysis, DWCEXP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||8979.29||52wk High Date||2018-10-09|
|52wk Low||6479.36||52wk Low Date||2018-02-09|