Stock Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
DOMAN BUILDING MATERIALS GROUP LTD (TSE:DBM)
Countertrend Up (+85) - DBM is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid DBM?
MarketClub looks at technical strength and momentum to determine if the timing is right for DBM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DBM
The long-term trend has been UP since Jan 3rd, 2023 at 6.10
The intermediate-term trend has been UP since Dec 1st, 2023 at 6.93
The short-term trend has been DOWN since Dec 8th, 2023 at 6.91
Smart Scan Analysis for DBM
Based on our trend formula, DBM is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).