Index Trend Analysis Report
Prepared for you on Thursday, April 15, 2021.
NYSE Arca Disk Drive Index (GIF:DDX)
Countertrend Up (+85) - DDX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid DDX?
MarketClub looks at technical strength and momentum to determine if the timing is right for DDX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DDX
The long-term trend has been UP since Oct 8th, 2020 at 139.677
The intermediate-term trend has been UP since Mar 16th, 2021 at 216.757
The short-term trend has been DOWN since Apr 13th, 2021 at 218.902
Smart Scan Analysis for DDX
Based on our trend formula, DDX is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).