Index Trend Analysis Report
Prepared for you on Tuesday, October 20, 2020.
iPath Series B Bloomberg Coffee Subindex Total ReturnSM ETN (GIF:JO)
Weak Downtrend (-65) - JO is showing signs of a strengthening downtrend. Monitor JO as it may be building momentum to the downside.
Is it time to buy, sell, or avoid JO?
MarketClub looks at technical strength and momentum to determine if the timing is right for JO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JO
The long-term trend has been UP since Aug 3rd, 2020 at 36.716
The intermediate-term trend has been DOWN since Sep 15th, 2020 at 35.931
The short-term trend has been DOWN since Oct 15th, 2020 at 32.778
Smart Scan Analysis for JO
Based on our trend formula, JO is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).