Index Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Dow Jones Global Select Real Estate Securities Index Australian Dollar (INDEX:DWGRSA)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DWGRSA
The long term trend has been DOWN since Dec 12th, 2019 at 3873.98
The intermediate term trend has been UP since Jan 6th, 2020 at 3926.41
The short term trend has been UP since Jan 13th, 2020 at 3943.66
Smart Scan Analysis for DWGRSA
Based on a pre-defined weighted trend formula for chart analysis, DWGRSA scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3569.86||52wk High Date||2018-09-11|
|52wk Low||2968.98||52wk Low Date||2018-02-12|