Index Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
Goldman Sachs BRICs Nifty 50 Developed Markets Index TR (CME:N50DMTR)
Weak Downtrend (-65) - N50DMTR is showing signs of a strengthening downtrend. Monitor N50DMTR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid N50DMTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for N50DMTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for N50DMTR
The long-term trend has been UP since Jun 3rd, 2020 at 1852.02
The intermediate-term trend has been DOWN since Oct 28th, 2020 at 2041.72
The short-term trend has been DOWN since Oct 26th, 2020 at 2109.72
Smart Scan Analysis for N50DMTR
Based on our trend formula, N50DMTR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2093.92||52wk High Date||2018-01-23|
|52wk Low||1672.25||52wk Low Date||2018-10-29|