Index Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
iShares U.S. Consumer Services ETF (GIF:IYC)
Countertrend Up (+85) - IYC 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 IYC?
MarketClub looks at technical strength and momentum to determine if the timing is right for IYC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IYC
The long-term trend has been UP since Jun 1st, 2020 at 220.20
The intermediate-term trend has been UP since Oct 8th, 2020 at 255.97
The short-term trend has been DOWN since Oct 15th, 2020 at 256.94
Smart Scan Analysis for IYC
Based on our trend formula, IYC is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).