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Index Trend Analysis Report

Prepared for you on Friday, January 18, 2019.

SHARE BUYBACK ACHIEVERS INDEX (NASDAQ:DRB)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

NASDAQ_DRB
Open High Low DRB Price Change
10432.40 10573.83 10428.03 10531.93 +54.50
Entry Signal

MarketClub’s Trade Triangles for DRB

long term down The long term trend has been DOWN since Oct 23rd, 2018 at 10641.21

intermediate term up The intermediate term trend has been UP since Jan 9th, 2019 at 10289.97

short term up The short term trend has been UP since Dec 28th, 2018 at 9799.59

Smart Scan Analysis for DRB

Based on a pre-defined weighted trend formula for chart analysis, DRB scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for DRB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10432.40 10573.83 10428.03 10531.93 +54.50
Prev. Close Volume Bid Ask Time
10162.33 0 2019-01-17 17:15:32
52wk High11967.452wk High Date2018-01-29
52wk Low10359.3152wk Low Date2018-05-03
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