Index Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
DJ ISLAMIC MARKET SRI LANKA INDEX (INDEX:DJISRL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DJISRL
The long term trend has been DOWN since Aug 1st, 2017 at 2670.31
The intermediate term trend has been DOWN since Jan 16th, 2019 at 1751.38
The short term trend has been UP since Mar 19th, 2019 at 1556.59
Smart Scan Analysis for DJISRL
Based on a pre-defined weighted trend formula for chart analysis, DJISRL scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2401.91||52wk High Date||2017-12-14|
|52wk Low||1695.49||52wk Low Date||2018-10-19|