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Index Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Dow Jones Islamic Market Basic Materials Index (INDEX:DJIBSC)

Crossroads (-60) - DJIBSC is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid DJIBSC?

MarketClub looks at technical strength and momentum to determine if the timing is right for DJIBSC.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

INDEX_DJIBSC
Open High Low DJIBSC Price Change
2810.59 2819.94 2791.48 2810.79 -0.33
Entry Signal

MarketClub’s Trade Triangles for DJIBSC

long term up The long-term trend has been UP since Dec 1st, 2023 at 2701.48

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 2797.27

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 2870.49

Smart Scan Analysis for DJIBSC

Based on our trend formula, DJIBSC is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for DJIBSC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2810.59 2819.94 2791.48 2810.79 -0.33
Prev. Close Volume Bid Ask Time
2811.12 0 2024-04-25 10:36:59
52wk High2639.852wk High Date2018-01-25
52wk Low2058.0752wk Low Date2018-10-26
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