Index Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
NYSE Arca Gold Miners Index (GIF:GDM)
Weak Uptrend (+65) - GDM is showing signs of weakening momentum to the upside. Monitor GDM as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GDM?
MarketClub looks at technical strength and momentum to determine if the timing is right for GDM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GDM
The long-term trend has been UP since Apr 14th, 2020 at 889.39
The intermediate-term trend has been UP since Jun 23rd, 2020 at 991.24
The short-term trend has been DOWN since Aug 10th, 2020 at 1187.59
Smart Scan Analysis for GDM
Based on our trend formula, GDM is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).