Index Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
Dorsey Wright Basic Materials Tech Leaders (NASDAQ:DWBM)
Countertrend Up (+85) - DWBM is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid DWBM?
MarketClub looks at technical strength and momentum to determine if the timing is right for DWBM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DWBM
The long-term trend has been UP since Jun 5th, 2020 at 1075.91
The intermediate-term trend has been UP since Apr 26th, 2021 at 1692.12
The short-term trend has been DOWN since May 12th, 2021 at 1762.98
Smart Scan Analysis for DWBM
Based on our trend formula, DWBM is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1472.57||52wk High Date||2018-01-12|
|52wk Low||1122.66||52wk Low Date||2018-10-26|