Index Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
Fidelity MSCI Energy Index ETF (GIF:FENY)
Crossroads (+60) - FENY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid FENY?
MarketClub looks at technical strength and momentum to determine if the timing is right for FENY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FENY
The long-term trend has been DOWN since May 7th, 2019 at 17.2400
The intermediate-term trend has been UP since Jul 21st, 2020 at 10.0774
The short-term trend has been UP since Aug 5th, 2020 at 9.8994
Smart Scan Analysis for FENY
Based on our trend formula, FENY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).