Index Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
Dynamic Banking Intellidex Index (TR) (GIF:DHDTR)
Sidelines Mode (-55) - DHDTR 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 DHDTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DHDTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DHDTR
The long-term trend has been DOWN since Sep 22nd, 2020 at 1685.14
The intermediate-term trend has been UP since Oct 6th, 2020 at 1812.85
The short-term trend has been DOWN since Oct 15th, 2020 at 1887.17
Smart Scan Analysis for DHDTR
Based on our trend formula, DHDTR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).