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Index Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Guggenheim Directional Allocation Total Return Index (CME:DRDAL50)

Long-Term Uptrend (+90) - DRDAL50 is in a strong uptrend that is likely to continue. While DRDAL50 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 DRDAL50?

MarketClub looks at technical strength and momentum to determine if the timing is right for DRDAL50.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_DRDAL50
Open High Low DRDAL50 Price Change
24330.34 24413.59 24310.80 24367.37 +49.46
Entry Signal

MarketClub’s Trade Triangles for DRDAL50

long term up The long-term trend has been UP since Nov 14th, 2023 at 20360.22

intermediate term up The intermediate-term trend has been UP since Nov 8th, 2023 at 19925.69

short term up The short-term trend has been UP since Mar 18th, 2024 at 23931.46

Smart Scan Analysis for DRDAL50

Based on our trend formula, DRDAL50 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for DRDAL50
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24330.34 24413.59 24310.80 24367.37 +49.46
Prev. Close Volume Bid Ask Time
24367.37 0 2024-03-28 17:51:10
52wk High16112.8952wk High Date2018-09-21
52wk Low13699.5952wk Low Date2018-02-09
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