Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
iShares MSCI Australia 200 Index Fund (GIF:IOZ-AU)
Sidelines Mode (-55) - IOZ-AU 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 IOZ-AU?
MarketClub looks at technical strength and momentum to determine if the timing is right for IOZ-AU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IOZ-AU
The long-term trend has been DOWN since Feb 27th, 2020 at 26.981
The intermediate-term trend has been DOWN since Jul 31st, 2020 at 24.088
The short-term trend has been UP since Aug 3rd, 2020 at 24.730
Smart Scan Analysis for IOZ-AU
Based on our trend formula, IOZ-AU is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).