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Index Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
NASDAQ-100 Dorsey Wright Momentum Index (NASDAQ:NDXDWA)
Sidelines Mode (-55) - NDXDWA 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 NDXDWA?
MarketClub looks at technical strength and momentum to determine if the timing is right for NDXDWA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NDXDWA
The long-term trend has been UP since Nov 27th, 2023 at 922.57
The intermediate-term trend has been DOWN since Apr 4th, 2024 at 1060.00
The short-term trend has been UP since Apr 24th, 2024 at 1031.02
Smart Scan Analysis for NDXDWA
Based on our trend formula, NDXDWA is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1036.43 | 1039.89 | 1017.95 | 1023.28 | -4.59 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1027.87 | 0 | 2024-04-24 17:15:00 |