Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Dow Jones Islamic Market Industrials Index (INDEX:DJIIDU)
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 DJIIDU
The long term trend has been UP since Feb 12th, 2019 at 2988.47
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 3366.55
The short term trend has been UP since Dec 6th, 2019 at 3405.21
Smart Scan Analysis for DJIIDU
Based on a pre-defined weighted trend formula for chart analysis, DJIIDU scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3343.52||52wk High Date||2018-01-29|
|52wk Low||2757.12||52wk Low Date||2018-10-29|