Index Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
DJ EQUITY REIT INDEX (INDEX:REI)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 REI
The long term trend has been UP since Jan 31st, 2019 at 363.35
The intermediate term trend has been UP since Mar 12th, 2019 at 372.07
The short term trend has been DOWN since Mar 15th, 2019 at 372.37
Smart Scan Analysis for REI
Based on a pre-defined weighted trend formula for chart analysis, REI scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||365.62||52wk High Date||2018-08-20|
|52wk Low||311.38||52wk Low Date||2018-02-09|