Index Trend Analysis Report
Prepared for you on Friday, July 10, 2020.
ProShares Short Oil & Gas (GIF:DDG)
Crossroads (+60) - DDG is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DDG?
MarketClub looks at technical strength and momentum to determine if the timing is right for DDG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DDG
The long-term trend has been DOWN since Jun 2nd, 2020 at 28.715
The intermediate-term trend has been UP since Jun 26th, 2020 at 30.282
The short-term trend has been UP since Jul 8th, 2020 at 30.262
Smart Scan Analysis for DDG
Based on our trend formula, DDG is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).