Index Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
DJ EGX TITANS 20 INDEX (INDEX:DJEG20E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DJEG20E
The long term trend has been UP since Dec 18th, 2018 at 664.15
The intermediate term trend has been UP since Dec 18th, 2018 at 589.97
The short term trend has been DOWN since Feb 21st, 2019 at 679.06
Smart Scan Analysis for DJEG20E
Based on a pre-defined weighted trend formula for chart analysis, DJEG20E scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||739.28||52wk High Date||2018-05-02|
|52wk Low||549.26||52wk Low Date||2018-10-11|