Index Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
NYSE Arca Pharmaceutical Index (GIF:DRG)
Bear Market Rally (-75) - DRG is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DRG as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DRG?
MarketClub looks at technical strength and momentum to determine if the timing is right for DRG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DRG
The long-term trend has been DOWN since Sep 2nd, 2020 at 615.87
The intermediate-term trend has been DOWN since Sep 2nd, 2020 at 656.47
The short-term trend has been DOWN since Sep 21st, 2020 at 663.03
Smart Scan Analysis for DRG
Based on our trend formula, DRG is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).