Index Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
iShares Broad USD Investment Grade Corporate Bond ETF (GIF:USIG)
Crossroads (+60) - USIG is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USIG?
MarketClub looks at technical strength and momentum to determine if the timing is right for USIG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USIG
The long-term trend has been UP since Jul 6th, 2020 at 60.316
The intermediate-term trend has been DOWN since Aug 14th, 2020 at 61.115
The short-term trend has been DOWN since Sep 22nd, 2020 at 61.027
Smart Scan Analysis for USIG
Based on our trend formula, USIG is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).