Index Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Dow Jones Transporation Avg Idx (GIF:DMT)
Long-Term Uptrend (+90) - DMT is in a strong uptrend that is likely to continue. While DMT is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid DMT?
MarketClub looks at technical strength and momentum to determine if the timing is right for DMT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DMT
The long-term trend has been UP since Jun 5th, 2020 at 9694.55
The intermediate-term trend has been UP since Feb 12th, 2021 at 13140.12
The short-term trend has been UP since Feb 19th, 2021 at 13272.76
Smart Scan Analysis for DMT
Based on our trend formula, DMT is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).