DEEP DOWN INC (NASDAQ:DPDW) Sidelines Mode Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
Based on a pre-defined weighted trend formula for chart analysis, DPDW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average +15 New 3 Day High on Monday +20 Last Price Above 20 Day Moving Average -25 New 3 Week Low, Week Ending September 20th -30 New 3 Month Low in August
-55 Total Score
Open High Low DPDW Price Change 0.61 0.65 0.60 0.64 -0.01