Index Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
DJ EGX EGYPT TITANS 20 INDEX (INDEX:DJEG20D)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DJEG20D
The long term trend has been DOWN since Jul 8th, 2018 at 861.81
The intermediate term trend has been DOWN since Nov 26th, 2018 at 719.26
The short term trend has been DOWN since Dec 3rd, 2018 at 716.51
Smart Scan Analysis for DJEG20D
Based on a pre-defined weighted trend formula for chart analysis, DJEG20D scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||998.16||52wk High Date||2018-04-29|
|52wk Low||711.75||52wk Low Date||2018-10-29|