Index Trend Analysis Report
Prepared for you on Sunday, March 26, 2023.
Dorsey Wright Momentum Plus Low Volatility Index (NASDAQ:DWAMLV)
Long-Term Downtrend (-90) - DWAMLV is in a strong downtrend that is likely to continue. While DWAMLV 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 DWAMLV?
MarketClub looks at technical strength and momentum to determine if the timing is right for DWAMLV.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DWAMLV
The long-term trend has been DOWN since Mar 1st, 2023 at 1376.77
The intermediate-term trend has been DOWN since Dec 15th, 2022 at 1418.26
The short-term trend has been DOWN since Mar 23rd, 2023 at 1318.55
Smart Scan Analysis for DWAMLV
Based on our trend formula, DWAMLV is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).