Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
PHLX Oil Service Sector (NASDAQ:OSX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 OSX
The long term trend has been DOWN since May 9th, 2019 at 87.440
The intermediate term trend has been UP since Oct 22nd, 2019 at 66.673
The short term trend has been UP since Dec 4th, 2019 at 68.965
Smart Scan Analysis for OSX
Based on a pre-defined weighted trend formula for chart analysis, OSX scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||172.32||52wk High Date||2018-05-22|
|52wk Low||103.01||52wk Low Date||2018-11-23|