Index Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
DJ ISLAMIC MARKET WORLD MID-CAP INDEX (INDEX:DJIMID)
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 DJIMID
The long term trend has been DOWN since Oct 5th, 2018 at 3153.97
The intermediate term trend has been DOWN since Dec 7th, 2018 at 2862.65
The short term trend has been UP since Dec 12th, 2018 at 2859.42
Smart Scan Analysis for DJIMID
Based on a pre-defined weighted trend formula for chart analysis, DJIMID scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3371.9||52wk High Date||2018-01-29|
|52wk Low||2812.67||52wk Low Date||2018-10-26|