Index Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
DJ ISLAMIC MARKET EUROPE SMALL-CAP INDEX (INDEX:DJIEUS)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DJIEUS
The long term trend has been DOWN since Aug 15th, 2018 at 11559.05
The intermediate term trend has been DOWN since Oct 3rd, 2018 at 11703.19
The short term trend has been UP since Dec 12th, 2018 at 10019.39
Smart Scan Analysis for DJIEUS
Based on a pre-defined weighted trend formula for chart analysis, DJIEUS scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||12562.75||52wk High Date||2018-01-25|
|52wk Low||9995.4||52wk Low Date||2018-11-20|