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Stock Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
First Trust India Nifty 50 Equal Weight ETF (NASDAQ:NFTY)
Weak Uptrend (+65) - NFTY is showing signs of weakening momentum to the upside. Monitor NFTY as it may be in the beginning stages of a reversal.
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 Nov 17th, 2023 at 49.62
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 55.93
The short-term trend has been UP since Apr 22nd, 2024 at 56.28
Smart Scan Analysis for NFTY
Based on our trend formula, NFTY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
+65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 56.8400 | 57.0899 | 56.5939 | 56.7700 | -0.0700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 56.8400 | 13515 | 2024-04-23 15:59:53 |
| Year High | 39.6799 | Year High Date | 2018-04-16 |
| Year Low | 31.35 | Year Low Date | 2018-10-23 |
| 52wk High | 58.25 | 52wk High Date | 2024-03-08 |
| 52wk Low | 43.2 | 52wk Low Date | 2023-04-25 |
| Average Volume | 28,785 | Shares Outstanding | 2,350 |
| Market Cap | 3M | Volatility | 34.24 |
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