Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
DJ MENA EX SAUDI INDEX (INDEX:DJMENXD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 DJMENXD
The long term trend has been DOWN since May 7th, 2018 at 587.78
The intermediate term trend has been DOWN since May 3rd, 2018 at 589.70
The short term trend has been UP since May 22nd, 2018 at 581.70
Smart Scan Analysis for DJMENXD
Based on a pre-defined weighted trend formula for chart analysis, DJMENXD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||613.26||52wk High Date||2018-01-25|
|52wk Low||550.87||52wk Low Date||2017-11-21|