Index Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
NYSE Arca Japan Index (GIF:JPN)
Sidelines Mode (+55) - JPN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid JPN?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPN
The long-term trend has been UP since Jun 4th, 2020 at 204.15
The intermediate-term trend has been DOWN since Oct 2nd, 2020 at 207.15
The short-term trend has been UP since Oct 21st, 2020 at 208.58
Smart Scan Analysis for JPN
Based on our trend formula, JPN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).