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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.

GIF_DRG
Open High Low DRG Price Change
653.08 653.08 653.08 653.08 0.00
Entry Signal

MarketClub’s Trade Triangles for DRG

long term down The long-term trend has been DOWN since Sep 2nd, 2020 at 615.87

intermediate term down The intermediate-term trend has been DOWN since Sep 2nd, 2020 at 656.47

short term down 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).

-80
Smart Scan Analysis for DRG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
653.08 653.08 653.08 653.08 0.00
Prev. Close Volume Bid Ask Time
667.71 0 2020-09-24 00:13:31
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