Stock Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Desktop Metal, Inc. Class A (NYSE:DM)
Sidelines Mode (-55) - DM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DM?
MarketClub looks at technical strength and momentum to determine if the timing is right for DM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DM
The long-term trend has been DOWN since Mar 5th, 2021 at 15.54
The intermediate-term trend has been DOWN since Aug 12th, 2021 at 8.55
The short-term trend has been UP since Oct 19th, 2021 at 7.29
Smart Scan Analysis for DM
Based on our trend formula, DM is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||34.94||52wk High Date||2021-02-08|
|52wk Low||6.7||52wk Low Date||2021-10-06|
|Average Volume||4,092,365||Shares Outstanding||260,675|