Index Trend Analysis Report
Prepared for you on Wednesday, April 21, 2021.
Dow Jones Commodity Index TR (INDEX:DJCIT)
Bull Market Weakness (+75) - DJCIT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DJCIT as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DJCIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCIT
The long-term trend has been UP since Jul 1st, 2020 at 227.36
The intermediate-term trend has been UP since Apr 14th, 2021 at 308.83
The short-term trend has been DOWN since Apr 21st, 2021 at 314.97
Smart Scan Analysis for DJCIT
Based on our trend formula, DJCIT is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).