Index Trend Analysis Report
Prepared for you on Thursday, December 9, 2021.
Nasdaq CTA Emerging Markets Internet & E-commerce Index AUD (NASDAQ:QNETEMAUD)
Long-Term Downtrend (-90) - QNETEMAUD is in a strong downtrend that is likely to continue. While QNETEMAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QNETEMAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNETEMAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNETEMAUD
The long-term trend has been DOWN since May 6th, 2021 at 1022.70
The intermediate-term trend has been DOWN since Nov 23rd, 2021 at 823.32
The short-term trend has been DOWN since Nov 17th, 2021 at 882.26
Smart Scan Analysis for QNETEMAUD
Based on our trend formula, QNETEMAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).