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Index Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

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

Long-Term Uptrend (+90) - DJUSBM is in a strong uptrend that is likely to continue. While DJUSBM is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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
585.86 591.08 585.86 586.46 +0.75
Entry Signal

MarketClub’s Trade Triangles for DJUSBM

long term up The long-term trend has been UP since Dec 14th, 2023 at 558.02

intermediate term up The intermediate-term trend has been UP since Feb 15th, 2024 at 549.44

short term up The short-term trend has been UP since Feb 29th, 2024 at 564.42

Smart Scan Analysis for DJUSBM

Based on our trend formula, DJUSBM is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for DJUSBM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
585.86 591.08 585.86 586.46 +0.75
Prev. Close Volume Bid Ask Time
586.46 148019095 2024-03-18 16:19:56
52wk High436.1152wk High Date2018-01-25
52wk Low343.1652wk Low Date2018-10-26
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