Index Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
ProShares UltraShort Dow30 (GIF:DXD)
Long-Term Downtrend (-90) - DXD is in a strong downtrend that is likely to continue. While DXD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DXD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DXD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DXD
The long-term trend has been DOWN since Sep 2nd, 2020 at 14.854
The intermediate-term trend has been DOWN since Mar 8th, 2021 at 11.256
The short-term trend has been DOWN since Apr 6th, 2021 at 10.360
Smart Scan Analysis for DXD
Based on our trend formula, DXD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).