Index Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
S&P Nigeria Select Equity Income Index (NGN) (CME:SPNSEINP)
Weak Uptrend (+65) - SPNSEINP is showing signs of weakening momentum to the upside. Monitor SPNSEINP as it may be in the beginning stages of a reversal.
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 Sep 25th, 2020 at 340.48
The intermediate-term trend has been UP since Sep 25th, 2020 at 335.50
The short-term trend has been DOWN since Nov 17th, 2020 at 456.84
Smart Scan Analysis for SPNSEINP
Based on our trend formula, SPNSEINP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).