Index Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
iShares MBS ETF (GIF:MBB)
Sidelines Mode (+55) - MBB 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 MBB?
MarketClub looks at technical strength and momentum to determine if the timing is right for MBB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MBB
The long-term trend has been DOWN since Jul 8th, 2020 at 110.17
The intermediate-term trend has been UP since Jul 29th, 2020 at 110.78
The short-term trend has been DOWN since Aug 5th, 2020 at 110.72
Smart Scan Analysis for MBB
Based on our trend formula, MBB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).