Index Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
NASDAQ US Buyback Achievers Net Total Return Index (NASDAQ:DRBN)
Strong Downtrend (-100) - DRBN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, DRBN continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DRBN?
MarketClub looks at technical strength and momentum to determine if the timing is right for DRBN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DRBN
The long-term trend has been DOWN since Jan 24th, 2022 at 2299.70
The intermediate-term trend has been DOWN since Apr 22nd, 2022 at 2285.38
The short-term trend has been DOWN since Jun 30th, 2022 at 2005.09
Smart Scan Analysis for DRBN
Based on our trend formula, DRBN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).