Index Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
NYSE Arca Equal Weighted Pharmaceutical Index (GIF:DGE)
Sidelines Mode (+55) - DGE 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 DGE?
MarketClub looks at technical strength and momentum to determine if the timing is right for DGE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DGE
The long-term trend has been UP since Jun 3rd, 2020 at 967.92
The intermediate-term trend has been UP since Jul 15th, 2020 at 971.79
The short-term trend has been DOWN since Aug 7th, 2020 at 949.68
Smart Scan Analysis for DGE
Based on our trend formula, DGE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).