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Index Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Dow Jones U.S. Banks Index (INDEX:DJUSBK)

Sidelines Mode (+55) - DJUSBK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid DJUSBK?

MarketClub looks at technical strength and momentum to determine if the timing is right for DJUSBK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

INDEX_DJUSBK
Open High Low DJUSBK Price Change
540.47 540.47 533.93 538.91 -4.57
Entry Signal

MarketClub’s Trade Triangles for DJUSBK

long term up The long-term trend has been UP since Dec 1st, 2023 at 441.28

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 539.99

short term up The short-term trend has been UP since Jun 18th, 2024 at 536.69

Smart Scan Analysis for DJUSBK

Based on our trend formula, DJUSBK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for DJUSBK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
540.47 540.47 533.93 538.91 -4.57
Prev. Close Volume Bid Ask Time
538.91 380126935 2024-06-21 16:19:37
52wk High517.8452wk High Date2018-01-29
52wk Low419.3152wk Low Date2018-10-24
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