Index Trend Analysis Report
Prepared for you on Tuesday, April 23, 2019.
DJ ISLAMIC MARKET TURKEY INDEX (INDEX:DJIMTR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 DJIMTR
The long term trend has been UP since Feb 22nd, 2019 at 6849.66
The intermediate term trend has been DOWN since Mar 5th, 2019 at 6654.43
The short term trend has been UP since Apr 17th, 2019 at 6409.61
Smart Scan Analysis for DJIMTR
Based on a pre-defined weighted trend formula for chart analysis, DJIMTR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7150.37||52wk High Date||2018-09-27|
|52wk Low||5906.17||52wk Low Date||2018-08-17|