Index Trend Analysis Report
Prepared for you on Sunday, February 25, 2018.
DJ MENA EX SAUDI INDEX (INDEX:DJMENXD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 DJMENXD
The long term trend has been UP since Jan 7th, 2018 at 592.06
The intermediate term trend has been DOWN since Feb 4th, 2018 at 602.43
The short term trend has been UP since Feb 11th, 2018 at 596.74
Smart Scan Analysis for DJMENXD
Based on a pre-defined weighted trend formula for chart analysis, DJMENXD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||618.69||52wk High Date||2017-02-23|
|52wk Low||550.87||52wk Low Date||2017-11-21|