Index Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
NewFunds Risk-Controlled WITS SA-Momentum Index (CME:NFEMOMP)
Weak Uptrend (+65) - NFEMOMP is showing signs of weakening momentum to the upside. Monitor NFEMOMP as it may be in the beginning stages of a reversal.
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 UP since Jan 4th, 2021 at 112.617
The intermediate-term trend has been DOWN since May 4th, 2021 at 120.828
The short-term trend has been UP since May 6th, 2021 at 123.997
Smart Scan Analysis for NFEMOMP
Based on our trend formula, NFEMOMP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).