Index Trend Analysis Report
Prepared for you on Friday, January 15, 2021.
Nikkei 225 Bear -1x ETF (GIF:C580)
Long-Term Downtrend (-90) - C580 is in a strong downtrend that is likely to continue. While C580 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid C580?
MarketClub looks at technical strength and momentum to determine if the timing is right for C580.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for C580
The long-term trend has been DOWN since Jun 1st, 2020 at 3747.63
The intermediate-term trend has been DOWN since Nov 3rd, 2020 at 3415.17
The short-term trend has been DOWN since Jan 7th, 2021 at 2901.13
Smart Scan Analysis for C580
Based on our trend formula, C580 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).