Index Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
iPath Bloomberg Cocoa Subindex Total Return ETN due Ju (GIF:NIB)
Bull Market Weakness (+75) - NIB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NIB as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NIB?
MarketClub looks at technical strength and momentum to determine if the timing is right for NIB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NIB
The long-term trend has been UP since Aug 3rd, 2020 at 29.382
The intermediate-term trend has been UP since Jul 27th, 2020 at 26.843
The short-term trend has been UP since Sep 14th, 2020 at 31.301
Smart Scan Analysis for NIB
Based on our trend formula, NIB is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).