Index Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
NASDAQ International BuyBack Achievers Net Total R (NASDAQ:DRBXUSN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DRBXUSN
The long term trend has been UP since Jan 18th, 2019 at 1437.56
The intermediate term trend has been DOWN since May 6th, 2019 at 1529.48
The short term trend has been DOWN since May 23rd, 2019 at 1442.97
Smart Scan Analysis for DRBXUSN
Based on a pre-defined weighted trend formula for chart analysis, DRBXUSN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).