Index Trend Analysis Report
Prepared for you on Thursday, August 5, 2021.
Dow Jones Islamic Market Oil & Gas Index (INDEX:DJIENE)
Bull Market Weakness (+75) - DJIENE is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DJIENE as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DJIENE?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJIENE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJIENE
The long-term trend has been UP since Nov 24th, 2020 at 1871.13
The intermediate-term trend has been DOWN since Jul 7th, 2021 at 2281.20
The short-term trend has been UP since Jul 29th, 2021 at 2216.46
Smart Scan Analysis for DJIENE
Based on our trend formula, DJIENE is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3397.61||52wk High Date||2018-01-24|
|52wk Low||2750.13||52wk Low Date||2018-11-23|