Index Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
NASDAQ Broad Canadian Dividend Achievers Index (NASDAQ:DACA)
Sidelines Mode (-55) - DACA 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 DACA?
MarketClub looks at technical strength and momentum to determine if the timing is right for DACA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DACA
The long-term trend has been DOWN since Mar 9th, 2020 at 1740.51
The intermediate-term trend has been DOWN since May 14th, 2020 at 1465.29
The short-term trend has been UP since May 19th, 2020 at 1489.00
Smart Scan Analysis for DACA
Based on our trend formula, DACA is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1789.15||52wk High Date||2018-08-21|
|52wk Low||1603.69||52wk Low Date||2018-02-09|