Index Trend Analysis Report
Prepared for you on Wednesday, January 27, 2021.
iPath Series B Bloomberg Platinum Subindex Total ReturnSM ETN (GIF:PGM)
Sidelines Mode (+55) - PGM 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 PGM?
MarketClub looks at technical strength and momentum to determine if the timing is right for PGM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PGM
The long-term trend has been UP since Jul 22nd, 2020 at 45.825
The intermediate-term trend has been UP since Oct 23rd, 2020 at 43.744
The short-term trend has been DOWN since Jan 25th, 2021 at 51.982
Smart Scan Analysis for PGM
Based on our trend formula, PGM is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).