Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Dow Jones Islamic Market Health Care Index (INDEX:DJIHCR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DJIHCR
The long term trend has been DOWN since Oct 2nd, 2019 at 5802.25
The intermediate term trend has been DOWN since Oct 2nd, 2019 at 5814.20
The short term trend has been UP since Oct 11th, 2019 at 5940.84
Smart Scan Analysis for DJIHCR
Based on a pre-defined weighted trend formula for chart analysis, DJIHCR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||6092.69000000||52wk High Date||2018-10-01|
|52wk Low||5204.79000000||52wk Low Date||2018-02-09|