Index Trend Analysis Report
Prepared for you on Wednesday, August 5, 2020.
Rogers - Van Eck Natural Resources Composite Index (EURO) (Net TR) (GIF:RVECPET)
Bull Market Weakness (+75) - RVECPET is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RVECPET as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RVECPET?
MarketClub looks at technical strength and momentum to determine if the timing is right for RVECPET.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RVECPET
The long-term trend has been DOWN since Feb 2nd, 2020 at 4152.80
The intermediate-term trend has been UP since Jul 13th, 2020 at 3689.40
The short-term trend has been UP since Aug 4th, 2020 at 3705.34
Smart Scan Analysis for RVECPET
Based on our trend formula, RVECPET is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).