Index Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
iShares Russell Top 200 ETF (GIF:IWL)
Countertrend Up (+85) - IWL 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 IWL?
MarketClub looks at technical strength and momentum to determine if the timing is right for IWL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IWL
The long-term trend has been UP since Jun 3rd, 2020 at 73.844
The intermediate-term trend has been UP since Oct 8th, 2020 at 82.891
The short-term trend has been DOWN since Oct 19th, 2020 at 83.033
Smart Scan Analysis for IWL
Based on our trend formula, IWL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).