Index Trend Analysis Report
Prepared for you on Sunday, April 18, 2021.
Deutsche X-trackers Short Duration High Yield Corporate Bond ETF (GIF:SHYL)
Sidelines Mode (+55) - SHYL 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 SHYL?
MarketClub looks at technical strength and momentum to determine if the timing is right for SHYL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SHYL
The long-term trend has been DOWN since Mar 1st, 2021 at 46.794
The intermediate-term trend has been UP since Mar 31st, 2021 at 47.847
The short-term trend has been DOWN since Apr 13th, 2021 at 47.759
Smart Scan Analysis for SHYL
Based on our trend formula, SHYL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).