Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Dow Jones Global ex-U.S. Oil & Gas Index (INDEX:W2ENE)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 W2ENE
The long term trend has been DOWN since May 9th, 2019 at 286.41
The intermediate term trend has been DOWN since Jul 17th, 2019 at 292.08
The short term trend has been DOWN since Jul 15th, 2019 at 296.46
Smart Scan Analysis for W2ENE
Based on a pre-defined weighted trend formula for chart analysis, W2ENE scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||328.49||52wk High Date||2018-05-22|
|52wk Low||276.1||52wk Low Date||2018-11-26|