Index Trend Analysis Report
Prepared for you on Friday, October 23, 2020.
ProShares UltraShort Dow30 (GIF:DXD)
Countertrend Down (-85) - DXD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Sep 2nd, 2020 at 14.854
The short-term trend has been UP since Oct 19th, 2020 at 15.128
Smart Scan Analysis for DXD
Based on our trend formula, DXD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).