Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Dow Jones Islamic Market Global Select Dividend Total Return Index (USD) (INDEX:DJIGSDT)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DJIGSDT
The long term trend has been DOWN since May 29th, 2019 at 2350.57
The intermediate term trend has been DOWN since Jul 31st, 2019 at 2476.86
The short term trend has been DOWN since Aug 12th, 2019 at 2388.72
Smart Scan Analysis for DJIGSDT
Based on a pre-defined weighted trend formula for chart analysis, DJIGSDT scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2651.49||52wk High Date||2018-01-29|
|52wk Low||2280.12||52wk Low Date||2018-10-26|