Index Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
iPath Bloomberg Cocoa Subindex Total Return ETN due Ju (GIF:NIB)
Crossroads (+60) - NIB is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Nov 2nd, 2020 at 27.282
The intermediate-term trend has been UP since Jan 4th, 2021 at 32.018
The short-term trend has been UP since Feb 22nd, 2021 at 30.890
Smart Scan Analysis for NIB
Based on our trend formula, NIB is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).