Index Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
Consumer Staples Select Sector Index (GIF:IXR)
Long-Term Uptrend (+90) - IXR is in a strong uptrend that is likely to continue. While IXR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid IXR?
MarketClub looks at technical strength and momentum to determine if the timing is right for IXR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IXR
The long-term trend has been UP since Jul 13th, 2020 at 612.59
The intermediate-term trend has been UP since Jul 10th, 2020 at 606.81
The short-term trend has been UP since Aug 4th, 2020 at 633.56
Smart Scan Analysis for IXR
Based on our trend formula, IXR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).