ETF Downgrades - Bearish Trend Score Changes based on Daily data
This report looks at how each ETF's Trend Score ranking has changed since the previous day.
Very important! This report focuses on ETFs that have been showing higher Trend Performance Scores only.
Those ETFs with higher Trend Score rankings yesterday that are today showing a lower Trend Score ranking are considered to be at risk of further declines. In other words, we calculate the change in trend and those with declining scores are candidates for downgrades.
You can use these scores to find ETFs that have peaked and are ripe for a pullback. Note that sometimes it signals a minor pullback which can be used as a buying opportunity or it can identify a major change in trend from bullish to bearish.
For a visual look at how an ETF has performed in the past, generate a chart using the form below the data table. It shows the plot of price and Trend Score over time.
Every week we review more than 2600 ETFs. We look at a number of trending indicators and score each ETF according to how bullish each indicator looks. 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.
Scroll down to review this week's data in a tabular format. And remember, you can click on column headings to sort and hover over each individual symbol to see a chart.