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Stock Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

Dermata Therapeutics, Inc. (NASDAQ:DRMA)

Strong Downtrend (-100) - DRMA is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DRMA continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid DRMA?

MarketClub looks at technical strength and momentum to determine if the timing is right for DRMA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_DRMA
Open High Low DRMA Price Change
1.8000 1.8264 1.6100 1.7000 -0.1113
Entry Signal

MarketClub’s Trade Triangles for DRMA

long term down The long-term trend has been DOWN since Nov 19th, 2021 at 3.9405

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2024 at 4.6740

short term down The short-term trend has been DOWN since Jul 16th, 2024 at 2.1700

Smart Scan Analysis for DRMA

Based on our trend formula, DRMA is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for DRMA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8000 1.8264 1.6100 1.7000 -0.1113
Prev. Close Volume Bid Ask Time
1.7253 72708 2024-07-19 15:45:30
52wk High24.598552wk High Date2023-07-20
52wk Low1.852wk Low Date2024-07-17
Average Volume121,804Shares Outstanding6,661
Assets5,179,756MLiabilities1,371,766M
P/E Ratio-0.39460000
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