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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.

NASDAQ_DWBM
Open High Low DWBM Price Change
1791.65 1809.15 1785.41 1804.79 +22.06
Entry Signal

MarketClub’s Trade Triangles for DWBM

long term up The long-term trend has been UP since Jun 5th, 2020 at 1075.91

intermediate term up The intermediate-term trend has been UP since Apr 26th, 2021 at 1692.12

short term down 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).

+85
Smart Scan Analysis for DWBM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1791.65 1809.15 1785.41 1804.79 +22.06
Prev. Close Volume Bid Ask Time
1804.79 0 2021-05-14 17:15:29
52wk High1472.5752wk High Date2018-01-12
52wk Low1122.6652wk Low Date2018-10-26
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