Index Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
NYSE Leveraged 2x AMZN Index (GIF:NY2LAMZN)
Bull Market Weakness (+75) - NY2LAMZN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NY2LAMZN as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NY2LAMZN?
MarketClub looks at technical strength and momentum to determine if the timing is right for NY2LAMZN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NY2LAMZN
The long-term trend has been UP since Sep 1st, 2020 at 8357.76
The intermediate-term trend has been DOWN since Jan 11th, 2021 at 6395.77
The short-term trend has been UP since Jan 20th, 2021 at 6573.75
Smart Scan Analysis for NY2LAMZN
Based on our trend formula, NY2LAMZN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).