Index Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
HSBC MSCI BRAZIL UCITS ETF (EUR) (GIF:HMBREU)
Countertrend Up (+85) - HMBREU is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HMBREU?
MarketClub looks at technical strength and momentum to determine if the timing is right for HMBREU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HMBREU
The long-term trend has been UP since Dec 3rd, 2020 at 14.4781
The intermediate-term trend has been UP since Jan 13th, 2021 at 15.5033
The short-term trend has been DOWN since Jan 18th, 2021 at 15.3210
Smart Scan Analysis for HMBREU
Based on our trend formula, HMBREU is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).