Index Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Dow Jones U.S. Medical Equipment Total Stock Market Index (INDEX:DWCMED)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 DWCMED
The long term trend has been UP since Sep 5th, 2019 at 21938.63
The intermediate term trend has been DOWN since Aug 30th, 2019 at 17585.67
The short term trend has been DOWN since Sep 9th, 2019 at 21532.20
Smart Scan Analysis for DWCMED
Based on a pre-defined weighted trend formula for chart analysis, DWCMED scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||20010.06||52wk High Date||2018-10-01|
|52wk Low||14819.52||52wk Low Date||2017-12-06|