Index Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
NYSE Leveraged 2x MCD Index (GIF:NY2LMCD)
Weak Uptrend (+65) - NY2LMCD is showing signs of weakening momentum to the upside. Monitor NY2LMCD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NY2LMCD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NY2LMCD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NY2LMCD
The long-term trend has been UP since Sep 2nd, 2020 at 235.201
The intermediate-term trend has been DOWN since Oct 26th, 2020 at 247.636
The short-term trend has been UP since Nov 18th, 2020 at 234.456
Smart Scan Analysis for NY2LMCD
Based on our trend formula, NY2LMCD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).