Index Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
Dow Jones Islamic Market World Emerging Markets Index (INDEX:DJIEMG)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 DJIEMG
The long term trend has been UP since Oct 28th, 2019 at 2477.29
The intermediate term trend has been UP since Oct 15th, 2019 at 2438.67
The short term trend has been DOWN since Nov 8th, 2019 at 2536.39
Smart Scan Analysis for DJIEMG
Based on a pre-defined weighted trend formula for chart analysis, DJIEMG scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2942.66||52wk High Date||2018-01-29|
|52wk Low||2122.45||52wk Low Date||2018-10-30|