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Index Trend Analysis Report

Prepared for you on Tuesday, October 22, 2024.

Dow Jones Global Basic Materials Index (INDEX:W1BSC)

Sidelines Mode (+55) - W1BSC is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid W1BSC?

MarketClub looks at technical strength and momentum to determine if the timing is right for W1BSC.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

INDEX_W1BSC
Open High Low W1BSC Price Change
377.91 378.15 375.89 377.19 -0.87
Entry Signal

MarketClub’s Trade Triangles for W1BSC

long term up The long-term trend has been UP since Sep 24th, 2024 at 378.71

intermediate term up The intermediate-term trend has been UP since Sep 19th, 2024 at 371.55

short term down The short-term trend has been DOWN since Oct 22nd, 2024 at 377.21

Smart Scan Analysis for W1BSC

Based on our trend formula, W1BSC is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for W1BSC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
377.91 378.15 375.89 377.19 -0.87
Prev. Close Volume Bid Ask Time
378.06 0 2024-10-22 23:39:05
52wk High351.3852wk High Date2018-01-25
52wk Low269.1952wk Low Date2018-11-28
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