Index Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Dorsey Wright Consumer Staples Tech Leaders TR (NASDAQ:DWCSTR)
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 DWCSTR
The long term trend has been UP since Mar 4th, 2019 at 1731.49
The intermediate term trend has been DOWN since Sep 9th, 2019 at 1818.94
The short term trend has been UP since Oct 17th, 2019 at 1757.25
Smart Scan Analysis for DWCSTR
Based on a pre-defined weighted trend formula for chart analysis, DWCSTR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).