Index Trend Analysis Report
Prepared for you on Friday, February 15, 2019.
DJ MENA EX SAUDI INDEX (INDEX:DJMENXD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DJMENXD
The long term trend has been UP since Jan 30th, 2019 at 603.97
The intermediate term trend has been DOWN since Feb 11th, 2019 at 595.68
The short term trend has been DOWN since Feb 7th, 2019 at 603.49
Smart Scan Analysis for DJMENXD
Based on a pre-defined weighted trend formula for chart analysis, DJMENXD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||613.26||52wk High Date||2018-01-25|
|52wk Low||557.81||52wk Low Date||2017-12-11|