Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
Magellan Global Trust (GIF:MGG-AU)
Long-Term Uptrend (+90) - MGG-AU is in a strong uptrend that is likely to continue. While MGG-AU is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MGG-AU?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGG-AU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGG-AU
The long-term trend has been UP since Jan 9th, 2020 at 1.9776
The intermediate-term trend has been UP since Jul 9th, 2020 at 1.8569
The short-term trend has been UP since Jul 29th, 2020 at 1.8392
Smart Scan Analysis for MGG-AU
Based on our trend formula, MGG-AU is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).