Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
DJ ISLAMIC MARKET DEVELOPMENT (INDEX:DJIMDXJ)
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 DJIMDXJ
The long term trend has been UP since Jun 1st, 2018 at 2326.55
The intermediate term trend has been UP since Jul 10th, 2018 at 2358.79
The short term trend has been DOWN since Jul 16th, 2018 at 2364.59
Smart Scan Analysis for DJIMDXJ
Based on a pre-defined weighted trend formula for chart analysis, DJIMDXJ scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2412.61||52wk High Date||2018-01-29|
|52wk Low||2049.06||52wk Low Date||2017-08-21|