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.
MarketClub’s Trade Triangles for DJUSBM
The long-term trend has been UP since Jun 1st, 2020 at 356.71
The intermediate-term trend has been UP since Jul 6th, 2020 at 370.34
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).
|52wk High||436.11||52wk High Date||2018-01-25|
|52wk Low||343.16||52wk Low Date||2018-10-26|