Index Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
NASDAQ GLOBAL BUYBACK ACHIEVERS INDEX (NASDAQ:DRBG)
Long-Term Downtrend (-90) - DRBG is in a strong downtrend that is likely to continue. While DRBG 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 DRBG?
MarketClub looks at technical strength and momentum to determine if the timing is right for DRBG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DRBG
The long-term trend has been DOWN since Feb 25th, 2020 at 1436.43
The intermediate-term trend has been DOWN since Jan 27th, 2020 at 1521.80
The short-term trend has been DOWN since Apr 1st, 2020 at 1088.40
Smart Scan Analysis for DRBG
Based on our trend formula, DRBG is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1511.59||52wk High Date||2018-01-29|
|52wk Low||1256.34||52wk Low Date||2018-10-26|