Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
DJ ISLAMIC MARKET DEVELOPMENT (INDEX:DJIMDXJ)
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 DJIMDXJ
The long term trend has been UP since Jun 1st, 2018 at 2326.55
The intermediate term trend has been UP since Aug 24th, 2018 at 2405.37
The short term trend has been DOWN since Sep 24th, 2018 at 2444.17
Smart Scan Analysis for DJIMDXJ
Based on a pre-defined weighted trend formula for chart analysis, DJIMDXJ scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2453.32||52wk High Date||2018-09-21|
|52wk Low||2121.77||52wk Low Date||2017-09-27|