Index Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
NYSE Arca Equal Weighted Pharmaceutical Index (GIF:DGE)
Bull Market Weakness (+75) - DGE is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DGE as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DGE?
MarketClub looks at technical strength and momentum to determine if the timing is right for DGE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DGE
The long-term trend has been DOWN since Mar 9th, 2020 at 890.50
The intermediate-term trend has been UP since Apr 7th, 2020 at 833.34
The short-term trend has been UP since May 28th, 2020 at 963.38
Smart Scan Analysis for DGE
Based on our trend formula, DGE is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).