Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
DJ ISLAMIC MARKET ASIA/PACIFIC INDEX (INDEX:DJIAP)
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 DJIAP
The long term trend has been UP since Feb 10th, 2017 at 1630.76
The intermediate term trend has been UP since May 13th, 2018 at 2140.65
The short term trend has been DOWN since May 20th, 2018 at 2120.05
Smart Scan Analysis for DJIAP
Based on a pre-defined weighted trend formula for chart analysis, DJIAP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2262.23||52wk High Date||2018-01-29|
|52wk Low||1758.09||52wk Low Date||2017-05-24|