Stock Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Decibel Cannabis Company Inc. (CDNX:DB)
Long-Term Downtrend (-90) - DB is in a strong downtrend that is likely to continue. While DB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DB?
MarketClub looks at technical strength and momentum to determine if the timing is right for DB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DB
The long-term trend has been DOWN since Nov 28th, 2023 at 0.130
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.130
The short-term trend has been DOWN since Nov 21st, 2023 at 0.145
Smart Scan Analysis for DB
Based on our trend formula, DB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).