Index Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
HSBC ESI WORLDWIDE EQUITY UCITS ETF (GBP) (GIF:HEWDGB)
Sidelines Mode (-55) - HEWDGB 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 HEWDGB?
MarketClub looks at technical strength and momentum to determine if the timing is right for HEWDGB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HEWDGB
The long-term trend has been DOWN since Feb 25th, 2020 at 12.8900
The intermediate-term trend has been DOWN since Jul 30th, 2020 at 11.8086
The short-term trend has been UP since Aug 5th, 2020 at 11.7438
Smart Scan Analysis for HEWDGB
Based on our trend formula, HEWDGB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).