Index Trend Analysis Report
Prepared for you on Wednesday, January 27, 2021.
VanEck Vectors Gold Miners ETF (GIF:GMI)
Countertrend Down (-85) - GMI 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 GMI?
MarketClub looks at technical strength and momentum to determine if the timing is right for GMI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GMI
The long-term trend has been DOWN since Nov 18th, 2020 at 36.233
The intermediate-term trend has been DOWN since Jan 15th, 2021 at 35.163
The short-term trend has been UP since Jan 20th, 2021 at 35.094
Smart Scan Analysis for GMI
Based on our trend formula, GMI is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).