Index Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
Dow Jones Global Utilities Index (INDEX:W1UTI)
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 W1UTI
The long term trend has been UP since Jan 31st, 2019 at 225.72
The intermediate term trend has been UP since May 24th, 2019 at 234.47
The short term trend has been DOWN since Jun 18th, 2019 at 237.73
Smart Scan Analysis for W1UTI
Based on a pre-defined weighted trend formula for chart analysis, W1UTI scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||240.31||52wk High Date||2017-12-06|
|52wk Low||204.31||52wk Low Date||2018-02-09|