Index Trend Analysis Report
Prepared for you on Monday, January 18, 2021.
iPath Series B Bloomberg Energy Subindex Total ReturnSM ETN (GIF:JJE)
Countertrend Up (+85) - JJE 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 JJE?
MarketClub looks at technical strength and momentum to determine if the timing is right for JJE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JJE
The long-term trend has been UP since Jan 5th, 2021 at 27.401
The intermediate-term trend has been UP since Nov 25th, 2020 at 26.716
The short-term trend has been DOWN since Jan 15th, 2021 at 28.287
Smart Scan Analysis for JJE
Based on our trend formula, JJE is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).