Index Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
iShares North American Natural Resources ETF (GIF:IGE)
Bull Market Weakness (+75) - IGE is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IGE as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid IGE?
MarketClub looks at technical strength and momentum to determine if the timing is right for IGE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IGE
The long-term trend has been DOWN since Jan 31st, 2020 at 27.605
The intermediate-term trend has been UP since Jul 21st, 2020 at 22.101
The short-term trend has been UP since Aug 4th, 2020 at 22.540
Smart Scan Analysis for IGE
Based on our trend formula, IGE is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).