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Index Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

Dow Jones U.S. Basic Materials Index (INDEX:DJUSBM)

Sidelines Mode (+55) - DJUSBM 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 DJUSBM?

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

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

INDEX_DJUSBM
Open High Low DJUSBM Price Change
530.96 533.35 529.85 532.53 +2.85
Entry Signal

MarketClub’s Trade Triangles for DJUSBM

long term down The long-term trend has been DOWN since Oct 2nd, 2023 at 514.23

intermediate term up The intermediate-term trend has been UP since Nov 14th, 2023 at 525.06

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 533.89

Smart Scan Analysis for DJUSBM

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

+55
Smart Scan Analysis for DJUSBM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
530.96 533.35 529.85 532.53 +2.85
Prev. Close Volume Bid Ask Time
529.68 103967953 2023-12-07 16:16:56
52wk High436.1152wk High Date2018-01-25
52wk Low343.1652wk Low Date2018-10-26
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