Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Dow Jones Emerging Markets Select Dividend Index (EUR) (INDEX:DJEMDIVE)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 DJEMDIVE
The long term trend has been DOWN since May 8th, 2019 at 1658.42
The intermediate term trend has been DOWN since Jul 28th, 2019 at 1687.51
The short term trend has been UP since Aug 18th, 2019 at 1566.83
Smart Scan Analysis for DJEMDIVE
Based on a pre-defined weighted trend formula for chart analysis, DJEMDIVE scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1741.42||52wk High Date||2018-01-29|
|52wk Low||1499.27||52wk Low Date||2018-10-12|