Index Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Invesco S&P 500 Equal Weight Industrials ETF (GIF:RGI)
Bull Market Weakness (+75) - RGI is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RGI as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RGI?
MarketClub looks at technical strength and momentum to determine if the timing is right for RGI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RGI
The long-term trend has been UP since Jun 5th, 2020 at 128.680
The intermediate-term trend has been UP since Nov 5th, 2020 at 143.375
The short-term trend has been DOWN since Nov 30th, 2020 at 155.018
Smart Scan Analysis for RGI
Based on our trend formula, RGI is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).