Index Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
NewFunds Risk-Controlled WITS SA-Momentum Index (CME:NFEMOMP)
Sidelines Mode (-55) - NFEMOMP 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 NFEMOMP?
MarketClub looks at technical strength and momentum to determine if the timing is right for NFEMOMP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NFEMOMP
The long-term trend has been DOWN since May 6th, 2022 at 126.15
The intermediate-term trend has been DOWN since Apr 13th, 2022 at 134.38
The short-term trend has been UP since May 27th, 2022 at 127.25
Smart Scan Analysis for NFEMOMP
Based on our trend formula, NFEMOMP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).