Index Trend Analysis Report
Prepared for you on Friday, October 30, 2020.
NYSE Expanded Opportunities Index (GIF:NYEO)
Sidelines Mode (-55) - NYEO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NYEO?
MarketClub looks at technical strength and momentum to determine if the timing is right for NYEO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NYEO
The long-term trend has been UP since Jul 7th, 2020 at 195.15
The intermediate-term trend has been DOWN since Oct 29th, 2020 at 196.58
The short-term trend has been UP since Oct 21st, 2020 at 197.33
Smart Scan Analysis for NYEO
Based on our trend formula, NYEO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).