Index Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
Dow Jones Islamic Market Turkey Index (INDEX:DJIMTR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Aug 30th, 2019 at 5529.52
The intermediate term trend has been DOWN since Oct 8th, 2019 at 6382.12
The short term trend has been DOWN since Oct 3rd, 2019 at 6490.14
Smart Scan Analysis for DJIMTR
Based on a pre-defined weighted trend formula for chart analysis, DJIMTR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7150.37000000||52wk High Date||2018-09-27|
|52wk Low||5906.17000000||52wk Low Date||2018-08-17|