Index Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
Dow Jones South Africa Index (INDEX:ZADOW)
Sidelines Mode (+55) - ZADOW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZADOW?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZADOW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZADOW
The long-term trend has been UP since Jul 8th, 2020 at 1680.72
The intermediate-term trend has been UP since Apr 7th, 2020 at 1416.00
The short-term trend has been DOWN since Aug 7th, 2020 at 1685.08
Smart Scan Analysis for ZADOW
Based on our trend formula, ZADOW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2060.96||52wk High Date||2018-01-26|
|52wk Low||1553.89||52wk Low Date||2018-10-25|