Index Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Dow Jones Europe ex-U.K. Oil & Gas Index (INDEX:E2ENE)
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 E2ENE
The long term trend has been DOWN since Oct 23rd, 2018 at 300.06
The intermediate term trend has been UP since Sep 5th, 2019 at 259.40
The short term trend has been UP since Sep 5th, 2019 at 259.40
Smart Scan Analysis for E2ENE
Based on a pre-defined weighted trend formula for chart analysis, E2ENE scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||332.5||52wk High Date||2018-09-25|
|52wk Low||272.44||52wk Low Date||2018-11-23|