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Index Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Dow Jones U.S. Basic Materials Index (INDEX:DJUSBM)

Countertrend Up (+85) - DJUSBM 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 DJUSBM?

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

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

INDEX_DJUSBM
Open High Low DJUSBM Price Change
383.58 385.32 381.99 385.10 +0.27
Entry Signal

MarketClub’s Trade Triangles for DJUSBM

long term up The long-term trend has been UP since Jun 1st, 2020 at 356.71

intermediate term up The intermediate-term trend has been UP since Jul 6th, 2020 at 370.34

short term down The short-term trend has been DOWN since Jul 28th, 2020 at 390.92

Smart Scan Analysis for DJUSBM

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

+85
Smart Scan Analysis for DJUSBM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
383.58 385.32 381.99 385.10 +0.27
Prev. Close Volume Bid Ask Time
344.60 22897989 2020-08-04 10:12:56
52wk High436.1152wk High Date2018-01-25
52wk Low343.1652wk Low Date2018-10-26
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