Index Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
DJ US HOME CONSTRUCTION (INDEX:DWCHOM)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 DWCHOM
The long term trend has been UP since Feb 1st, 2019 at 6666.90
The intermediate term trend has been UP since Mar 25th, 2019 at 6839.49
The short term trend has been DOWN since May 20th, 2019 at 7514.55
Smart Scan Analysis for DWCHOM
Based on a pre-defined weighted trend formula for chart analysis, DWCHOM scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9330.08||52wk High Date||2018-01-24|
|52wk Low||5467.28||52wk Low Date||2018-10-23|