Index Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
DJ ISLAMIC MARKET JAPAN INDEX (INDEX:DJIJP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 DJIJP
The long term trend has been UP since Feb 23rd, 2017 at 1571.02
The intermediate term trend has been UP since Feb 27th, 2018 at 2025.77
The short term trend has been DOWN since Mar 16th, 2018 at 2020.12
Smart Scan Analysis for DJIJP
Based on a pre-defined weighted trend formula for chart analysis, DJIJP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2098.11||52wk High Date||2018-01-24|
|52wk Low||1566.07||52wk Low Date||2017-04-14|