Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
NYSE U.S. Pure Exposure Utilities and Telecommunications Sector Index (GIF:NYPUREUT)
Bear Market Rally (-75) - NYPUREUT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NYPUREUT as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid NYPUREUT?
MarketClub looks at technical strength and momentum to determine if the timing is right for NYPUREUT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NYPUREUT
The long-term trend has been DOWN since Feb 28th, 2020 at 1670.11
The intermediate-term trend has been UP since Jul 17th, 2020 at 1561.82
The short-term trend has been DOWN since Aug 5th, 2020 at 1557.00
Smart Scan Analysis for NYPUREUT
Based on our trend formula, NYPUREUT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).