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Stock Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
Desert Mountian Energy Corp (CDNX:DME)
Long-Term Downtrend (-90) - DME is in a strong downtrend that is likely to continue. While DME 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 DME?
MarketClub looks at technical strength and momentum to determine if the timing is right for DME.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DME
The long-term trend has been DOWN since Mar 3rd, 2023 at 2.31
The intermediate-term trend has been DOWN since Dec 30th, 2022 at 2.77
The short-term trend has been DOWN since Mar 2nd, 2023 at 2.38
Smart Scan Analysis for DME
Based on our trend formula, DME is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.79 | 1.79 | 1.60 | 1.70 | -0.06 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.70 | 400596 | 2023-03-22 15:59:30 |
| Year High | 0.265 | Year High Date | 2018-11-06 |
| Year Low | 0.08 | Year Low Date | 2018-01-02 |
| 52wk High | 0.265 | 52wk High Date | 2018-11-06 |
| 52wk Low | 0.06 | 52wk Low Date | 2017-12-21 |
| Average Volume | 58,125 | Volatility | 97.97 |