Index Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Dow Jones U.S. Tires Total Stock Market Index (INDEX:DWCTIR)
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 DWCTIR
The long term trend has been DOWN since Aug 28th, 2019 at 354.04
The intermediate term trend has been DOWN since Dec 20th, 2019 at 478.11
The short term trend has been UP since Jan 16th, 2020 at 470.59
Smart Scan Analysis for DWCTIR
Based on a pre-defined weighted trend formula for chart analysis, DWCTIR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||995.84||52wk High Date||2018-01-24|
|52wk Low||547.47||52wk Low Date||2018-10-26|