Index Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
Dow Jones Islamic Market Asia/Pacific ex-Japan Index (INDEX:DJIP2)
Long-Term Downtrend (-90) - DJIP2 is in a strong downtrend that is likely to continue. While DJIP2 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DJIP2?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJIP2.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJIP2
The long-term trend has been DOWN since May 13th, 2021 at 2620.68
The intermediate-term trend has been DOWN since Jun 20th, 2022 at 1945.58
The short-term trend has been DOWN since Jun 30th, 2022 at 1974.83
Smart Scan Analysis for DJIP2
Based on our trend formula, DJIP2 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2087.85||52wk High Date||2018-01-29|
|52wk Low||1552.42||52wk Low Date||2018-10-30|