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Index Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Dow Jones Islamic Market India Index (INR) (INDEX:DJIMIN)

Countertrend Up (+85) - DJIMIN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid DJIMIN?

MarketClub looks at technical strength and momentum to determine if the timing is right for DJIMIN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

INDEX_DJIMIN
Open High Low DJIMIN Price Change
8511.62 8518.38 8474.46 8480.81 -39.64
Entry Signal

MarketClub’s Trade Triangles for DJIMIN

long term up The long-term trend has been UP since May 11th, 2023 at 6244.27

intermediate term up The intermediate-term trend has been UP since May 16th, 2024 at 8365.52

short term down The short-term trend has been DOWN since May 28th, 2024 at 8543.48

Smart Scan Analysis for DJIMIN

Based on our trend formula, DJIMIN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for DJIMIN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8511.62 8518.38 8474.46 8480.81 -39.64
Prev. Close Volume Bid Ask Time
8520.45 0 2024-05-29 10:41:35
52wk High4070.5952wk High Date2018-09-03
52wk Low3437.4452wk Low Date2017-12-06
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