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Stock Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
First Trust India Nifty 50 Equal Weight ETF (NASDAQ:NFTY)
Sidelines Mode (+55) - NFTY 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 NFTY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NFTY.
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 NFTY
The long-term trend has been UP since Jul 2nd, 2020 at 29.0299
The intermediate-term trend has been UP since Jul 23rd, 2021 at 45.6000
The short-term trend has been DOWN since Oct 19th, 2021 at 50.5600
Smart Scan Analysis for NFTY
Based on our trend formula, NFTY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 49.8600 | 49.8600 | 49.1500 | 49.5966 | -0.3134 |
| Prev. Close | Volume | Bid | Ask | Time |
| 49.9100 | 2245 | 2021-10-22 10:08:59 |
| Year High | 39.6799 | Year High Date | 2018-04-16 |
| Year Low | 31.35 | Year Low Date | 2018-10-23 |
| 52wk High | 51.4 | 52wk High Date | 2021-10-15 |
| 52wk Low | 31.59 | 52wk Low Date | 2020-11-02 |
| Average Volume | 11,062 | Shares Outstanding | 1,550 |
| Market Cap | 3M | Volatility | 34.24 |