Index Trend Analysis Report
Prepared for you on Saturday, August 20, 2022.
Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC)
Sidelines Mode (+55) - EDOC is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EDOC?
MarketClub looks at technical strength and momentum to determine if the timing is right for EDOC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EDOC
The long-term trend has been UP since Aug 3rd, 2022 at 12.996
The intermediate-term trend has been UP since Jun 27th, 2022 at 12.307
The short-term trend has been DOWN since Aug 16th, 2022 at 13.155
Smart Scan Analysis for EDOC
Based on our trend formula, EDOC is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||19||52wk High Date||2021-09-07|
|52wk Low||10.62||52wk Low Date||2022-06-16|
|Average Volume||31,118||Shares Outstanding||13,840|