Index Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
Guggenheim Directional Allocation Total Return Index (CME:DRDAL50)
Sidelines Mode (+55) - DRDAL50 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for DRDAL50
The long-term trend has been UP since Aug 3rd, 2020 at 16400.43
The intermediate-term trend has been UP since Oct 15th, 2021 at 22396.52
The short-term trend has been DOWN since Nov 23rd, 2021 at 23925.31
Smart Scan Analysis for DRDAL50
Based on our trend formula, DRDAL50 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||16112.89||52wk High Date||2018-09-21|
|52wk Low||13699.59||52wk Low Date||2018-02-09|