Index Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
DJ ISLAMIC MARKET TURKEY INDEX (INDEX:DJIMTR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DJIMTR
The long term trend has been DOWN since Dec 17th, 2018 at 6203.22
The intermediate term trend has been DOWN since Oct 10th, 2018 at 6779.11
The short term trend has been UP since Dec 19th, 2018 at 6296.35
Smart Scan Analysis for DJIMTR
Based on a pre-defined weighted trend formula for chart analysis, DJIMTR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7150.37||52wk High Date||2018-09-27|
|52wk Low||5906.17||52wk Low Date||2018-08-17|