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Index Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Dorsey Wright Basic Materials Tech Leaders (NASDAQ:DWBM)

Weak Downtrend (-65) - DWBM is showing signs of a strengthening downtrend. Monitor DWBM as it may be building momentum to the downside.

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.

NASDAQ_DWBM
Open High Low DWBM Price Change
1739.56 1751.66 1734.91 1746.07 -10.13
Entry Signal

MarketClub’s Trade Triangles for DWBM

long term up The long-term trend has been UP since Dec 20th, 2023 at 1701.18

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 1769.18

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 1819.99

Smart Scan Analysis for DWBM

Based on our trend formula, DWBM is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for DWBM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1739.56 1751.66 1734.91 1746.07 -10.13
Prev. Close Volume Bid Ask Time
1756.20 0 2024-04-23 11:47:07
52wk High1472.5752wk High Date2018-01-12
52wk Low1122.6652wk Low Date2018-10-26
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