Index Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
Dow Jones Islamic Market Asia/Pacific Index (INDEX:DJIAP)
Long-Term Downtrend (-90) - DJIAP is in a strong downtrend that is likely to continue. While DJIAP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DJIAP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJIAP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJIAP
The long-term trend has been DOWN since Aug 16th, 2023 at 2031.19
The intermediate-term trend has been DOWN since Sep 20th, 2023 at 2035.05
The short-term trend has been DOWN since Sep 19th, 2023 at 2048.85
Smart Scan Analysis for DJIAP
Based on our trend formula, DJIAP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2262.23||52wk High Date||2018-01-29|
|52wk Low||1727.53||52wk Low Date||2018-10-30|