Index Trend Analysis Report
Prepared for you on Tuesday, January 26, 2021.
Goldman Sachs BRICs Nifty 50 Developed Markets Index (CME:N50DMPR)
Bull Market Weakness (+75) - N50DMPR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on N50DMPR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid N50DMPR?
MarketClub looks at technical strength and momentum to determine if the timing is right for N50DMPR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for N50DMPR
The long-term trend has been UP since Jun 5th, 2020 at 1504.18
The intermediate-term trend has been UP since Nov 5th, 2020 at 1712.31
The short-term trend has been DOWN since Jan 25th, 2021 at 2062.01
Smart Scan Analysis for N50DMPR
Based on our trend formula, N50DMPR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1789.5||52wk High Date||2018-01-23|
|52wk Low||1403.72||52wk Low Date||2018-10-29|