Index Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
UBS E-TRACS Linked to the Wells Fargo Business Development Company Index (GIF:BDCS)
Bear Market Rally (-75) - BDCS is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BDCS as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid BDCS?
MarketClub looks at technical strength and momentum to determine if the timing is right for BDCS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BDCS
The long-term trend has been DOWN since Feb 25th, 2020 at 19.6460
The intermediate-term trend has been DOWN since Oct 19th, 2020 at 13.9493
The short-term trend has been UP since Oct 23rd, 2020 at 13.8493
Smart Scan Analysis for BDCS
Based on our trend formula, BDCS is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).