Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Dorsey Wright Momentum Plus Value NTR Index (NASDAQ:DWAMVN)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DWAMVN
The long term trend has been UP since Jul 12th, 2019 at 990.86
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 1023.73
The short term trend has been UP since Dec 6th, 2019 at 1034.33
Smart Scan Analysis for DWAMVN
Based on a pre-defined weighted trend formula for chart analysis, DWAMVN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).