Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
The Global X U.S. Preferred ETF (GIF:PFFD)
Countertrend Up (+85) - PFFD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid PFFD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PFFD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PFFD
The long-term trend has been UP since Jul 23rd, 2020 at 24.26
The intermediate-term trend has been UP since Jul 16th, 2020 at 23.81
The short-term trend has been DOWN since Aug 5th, 2020 at 24.52
Smart Scan Analysis for PFFD
Based on our trend formula, PFFD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).