Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Goldman Sachs BRICs Nifty 50 Emerging Markets Index TR (CME:N50EMTR)
Sidelines Mode (+55) - N50EMTR 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 N50EMTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for N50EMTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for N50EMTR
The long-term trend has been DOWN since Feb 28th, 2020 at 1448.26
The intermediate-term trend has been UP since Apr 7th, 2020 at 1210.11
The short-term trend has been DOWN since May 22nd, 2020 at 1288.89
Smart Scan Analysis for N50EMTR
Based on our trend formula, N50EMTR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1720.49||52wk High Date||2018-01-29|
|52wk Low||1284.52||52wk Low Date||2018-10-30|