Index Trend Analysis Report
Prepared for you on Friday, October 23, 2020.
BlueStar Israel Technology ETF (GIF:ITEQ)
Bull Market Weakness (+75) - ITEQ is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ITEQ as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ITEQ?
MarketClub looks at technical strength and momentum to determine if the timing is right for ITEQ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ITEQ
The long-term trend has been UP since Jun 1st, 2020 at 47.01
The intermediate-term trend has been UP since Sep 29th, 2020 at 54.44
The short-term trend has been DOWN since Oct 21st, 2020 at 60.70
Smart Scan Analysis for ITEQ
Based on our trend formula, ITEQ is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).