Index Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Dow Jones Global ex-U.S. Basic Materials Index (INDEX:W2BSC)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 W2BSC
The long term trend has been DOWN since May 8th, 2019 at 256.90
The intermediate term trend has been UP since Jun 7th, 2019 at 253.72
The short term trend has been UP since Jul 19th, 2019 at 265.37
Smart Scan Analysis for W2BSC
Based on a pre-defined weighted trend formula for chart analysis, W2BSC scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||326.76||52wk High Date||2018-01-25|
|52wk Low||245.04||52wk Low Date||2018-11-28|