Index Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
DJ ISLAMIC MARKET ASIA/PACIFIC MID-CAP (INDEX:DJIAPM)
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 DJIAPM
The long term trend has been UP since Feb 20th, 2019 at 2110.07
The intermediate term trend has been UP since Mar 29th, 2019 at 2136.55
The short term trend has been DOWN since Apr 18th, 2019 at 2166.71
Smart Scan Analysis for DJIAPM
Based on a pre-defined weighted trend formula for chart analysis, DJIAPM scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2553.53||52wk High Date||2018-01-29|
|52wk Low||1911.65||52wk Low Date||2018-10-30|