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Index Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Guggenheim RBP Islamic Market U.S. 50 Index (CME:DRIMR50)
Sidelines Mode (+55) - DRIMR50 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 DRIMR50?
MarketClub looks at technical strength and momentum to determine if the timing is right for DRIMR50.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DRIMR50
The long-term trend has been UP since Nov 27th, 2023 at 18219.23
The intermediate-term trend has been DOWN since Apr 4th, 2024 at 21015.04
The short-term trend has been UP since Apr 23rd, 2024 at 20389.32
Smart Scan Analysis for DRIMR50
Based on our trend formula, DRIMR50 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20550.03 | 20603.90 | 20429.71 | 20532.77 | +39.62 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20532.77 | 0 | 2024-04-24 16:20:03 |
| 52wk High | 12294.65 | 52wk High Date | 2018-10-01 |
| 52wk Low | 10025.18 | 52wk Low Date | 2018-02-09 |