Index Trend Analysis Report
Prepared for you on Tuesday, October 27, 2020.
NYSE Arca Gold Miners Index (NTR) Daily -1X Short Index (GIF:GDMNR1XS)
Sidelines Mode (-55) - GDMNR1XS is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GDMNR1XS?
MarketClub looks at technical strength and momentum to determine if the timing is right for GDMNR1XS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GDMNR1XS
The long-term trend has been DOWN since Apr 14th, 2020 at 69.570
The intermediate-term trend has been DOWN since Oct 11th, 2020 at 45.689
The short-term trend has been UP since Oct 16th, 2020 at 44.576
Smart Scan Analysis for GDMNR1XS
Based on our trend formula, GDMNR1XS is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).