Index Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
NEXT FUNDS TOPIX-17 BANKS ETF (GIF:C631)
Bear Market Rally (-75) - C631 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on C631 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid C631?
MarketClub looks at technical strength and momentum to determine if the timing is right for C631.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for C631
The long-term trend has been DOWN since Jul 13th, 2020 at 6208.53
The intermediate-term trend has been DOWN since Jun 24th, 2020 at 7008.23
The short-term trend has been UP since Aug 3rd, 2020 at 5941.50
Smart Scan Analysis for C631
Based on our trend formula, C631 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).