Index Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Direxion Daily Junior Gold Miners Index Bear 3X Shares (GIF:JDST)
Long-Term Downtrend (-90) - JDST is in a strong downtrend that is likely to continue. While JDST is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid JDST?
MarketClub looks at technical strength and momentum to determine if the timing is right for JDST.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JDST
The long-term trend has been DOWN since Mar 17th, 2020 at 6.8752
The intermediate-term trend has been DOWN since May 18th, 2020 at 21.3701
The short-term trend has been DOWN since May 5th, 2020 at 25.5903
Smart Scan Analysis for JDST
Based on our trend formula, JDST is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).