Index Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
NYSE Arca Gold Miners Index (GTR) (GIF:GDMTR)
Countertrend Down (-85) - GDMTR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GDMTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GDMTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GDMTR
The long-term trend has been DOWN since Nov 18th, 2020 at 1206.25
The intermediate-term trend has been DOWN since Jan 15th, 2021 at 1178.36
The short-term trend has been UP since Mar 3rd, 2021 at 1078.16
Smart Scan Analysis for GDMTR
Based on our trend formula, GDMTR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).