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Index Trend Analysis Report

Prepared for you on Tuesday, November 29, 2022.

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

Bull Market Weakness (+75) - DJUSBM is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DJUSBM as it may be in the beginning stages of a reversal.

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
547.01 547.01 534.87 536.12 -12.67
Entry Signal

MarketClub’s Trade Triangles for DJUSBM

long term up The long-term trend has been UP since Nov 11th, 2022 at 537.50

intermediate term up The intermediate-term trend has been UP since Oct 21st, 2022 at 483.40

short term down The short-term trend has been DOWN since Nov 28th, 2022 at 537.55

Smart Scan Analysis for DJUSBM

Based on our trend formula, DJUSBM is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for DJUSBM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
547.01 547.01 534.87 536.12 -12.67
Prev. Close Volume Bid Ask Time
536.12 117992491 2022-11-28 18:00:35
52wk High436.1152wk High Date2018-01-25
52wk Low343.1652wk Low Date2018-10-26
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