Stock Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Macondray Capital Acquisition Corp. I - Warrant (NASDAQ:DRAYW)
Bull Market Weakness (+75) - DRAYW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DRAYW as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DRAYW?
MarketClub looks at technical strength and momentum to determine if the timing is right for DRAYW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DRAYW
The long-term trend has been DOWN since Sep 1st, 2021 at 0.620700
The intermediate-term trend has been UP since Oct 25th, 2021 at 0.600000
The short-term trend has been UP since Oct 21st, 2021 at 0.578999
Smart Scan Analysis for DRAYW
Based on our trend formula, DRAYW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||0.74||52wk High Date||2021-08-23|
|52wk Low||0.5106||52wk Low Date||2021-09-20|