Index Trend Analysis Report
Prepared for you on Wednesday, September 23, 2020.
First Trust Dow Jones Internet Index Fund (GIF:FDN)
Sidelines Mode (-55) - FDN 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 FDN?
MarketClub looks at technical strength and momentum to determine if the timing is right for FDN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FDN
The long-term trend has been UP since May 11th, 2020 at 155.86
The intermediate-term trend has been DOWN since Sep 11th, 2020 at 181.75
The short-term trend has been UP since Sep 22nd, 2020 at 185.62
Smart Scan Analysis for FDN
Based on our trend formula, FDN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).