Index Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
Dorsey Wright Basic Materials Tech Leaders (NASDAQ:DWBM)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 DWBM
The long term trend has been DOWN since Oct 9th, 2018 at 1306.58
The intermediate term trend has been UP since Apr 2nd, 2019 at 1181.88
The short term trend has been DOWN since Apr 18th, 2019 at 1203.08
Smart Scan Analysis for DWBM
Based on a pre-defined weighted trend formula for chart analysis, DWBM scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1472.57||52wk High Date||2018-01-12|
|52wk Low||1122.66||52wk Low Date||2018-10-26|