Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Dorsey Wright Momentum Plus Value NTR Index (NASDAQ:DWAMVN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 DWAMVN
The long term trend has been UP since Jul 12th, 2019 at 990.86
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 973.20
The short term trend has been DOWN since Aug 13th, 2019 at 947.33
Smart Scan Analysis for DWAMVN
Based on a pre-defined weighted trend formula for chart analysis, DWAMVN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).