Index Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
S&P Nigeria Select Equity Income Index (NGN) (CME:SPNSEINP)
Weak Downtrend (-65) - SPNSEINP is showing signs of a strengthening downtrend. Monitor SPNSEINP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPNSEINP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPNSEINP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPNSEINP
The long-term trend has been UP since Nov 12th, 2019 at 361.34
The intermediate-term trend has been DOWN since Feb 3rd, 2020 at 405.21
The short-term trend has been DOWN since Jan 22nd, 2020 at 431.60
Smart Scan Analysis for SPNSEINP
Based on our trend formula, SPNSEINP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).