Index Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
NewFunds Risk-Controlled WITS SA-Momentum Index TR (CME:NFEMOMT)
Bull Market Weakness (+75) - NFEMOMT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NFEMOMT as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NFEMOMT?
MarketClub looks at technical strength and momentum to determine if the timing is right for NFEMOMT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NFEMOMT
The long-term trend has been UP since Jan 4th, 2021 at 130.768
The intermediate-term trend has been UP since Sep 27th, 2021 at 152.200
The short-term trend has been DOWN since Oct 20th, 2021 at 152.876
Smart Scan Analysis for NFEMOMT
Based on our trend formula, NFEMOMT is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).