ETF Trend Performance week-over-week -- a report on ETF trending based on Weekly price data
We look at moving averages, Wilder's DMI (ADX), Aroon and MACD. We combine the scores for each of these indicators into a composite score that ranges from 0 to 6 that shows how strongly the ETF is trending in a bullish direction. In other words, a score of 6.0 would be strongly bullish while a score of 0.0 would be pretty bearish.
This report looks at how each ETF's ranking has changed since last week in comparison to all the other ETFs.
You can use these scores to find ETFs that have bullish momentum, to help identify in-favor sectors or, if you are more of a contrarian, to look for bargains in out-of-favor sectors.Scroll down to review this week's data in a tabular format.