Index Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
NewFunds Risk-Controlled WITS SA-Momentum Index (CME:NFEMOMP)
Bear Market Rally (-75) - NFEMOMP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NFEMOMP as it may be in the beginning 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 DOWN since Oct 27th, 2020 at 103.705
The intermediate-term trend has been UP since Nov 9th, 2020 at 108.725
The short-term trend has been DOWN since Nov 12th, 2020 at 107.344
Smart Scan Analysis for NFEMOMP
Based on our trend formula, NFEMOMP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).