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Index Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

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
594.82 594.90 589.78 592.03 -0.64
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 May 9th, 2024 at 593.38

short term down The short-term trend has been DOWN since May 22nd, 2024 at 594.11

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
594.82 594.90 589.78 592.03 -0.64
Prev. Close Volume Bid Ask Time
592.67 160872322 2024-05-28 16:18:26
52wk High436.1152wk High Date2018-01-25
52wk Low343.1652wk Low Date2018-10-26
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