Index Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
Dorsey Wright Momentum Plus Dividend Yield Index (NASDAQ:DWAMY)
Countertrend Down (-85) - DWAMY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid DWAMY?
MarketClub looks at technical strength and momentum to determine if the timing is right for DWAMY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DWAMY
The long-term trend has been DOWN since Jan 24th, 2022 at 1247.06
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 1247.45
The short-term trend has been UP since Jun 24th, 2022 at 1178.43
Smart Scan Analysis for DWAMY
Based on our trend formula, DWAMY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).