Index Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Rogers - Van Eck Natural Resources Index (Net TR) (GIF:RVEIT)
Countertrend Up (+85) - RVEIT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid RVEIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for RVEIT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RVEIT
The long-term trend has been UP since Nov 9th, 2020 at 4555.87
The intermediate-term trend has been UP since Nov 8th, 2020 at 4505.05
The short-term trend has been DOWN since Nov 30th, 2020 at 5030.81
Smart Scan Analysis for RVEIT
Based on our trend formula, RVEIT is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).