Index Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
Guggenheim RBP Islamic Market U.S. 50 Index (CME:DRIMR50)
Strong Downtrend (-100) - DRIMR50 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DRIMR50 continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for DRIMR50
The long-term trend has been DOWN since Jan 24th, 2022 at 18839.35
The intermediate-term trend has been DOWN since Jan 6th, 2022 at 20619.93
The short-term trend has been DOWN since Jan 14th, 2022 at 20176.15
Smart Scan Analysis for DRIMR50
Based on our trend formula, DRIMR50 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||12294.65||52wk High Date||2018-10-01|
|52wk Low||10025.18||52wk Low Date||2018-02-09|