Index Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
NYSE American Composite Index (GIF:XAX)
Bull Market Weakness (+75) - XAX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XAX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAX
The long-term trend has been DOWN since Sep 24th, 2020 at 1905.79
The intermediate-term trend has been UP since Oct 23rd, 2020 at 2042.60
The short-term trend has been UP since Oct 22nd, 2020 at 2035.26
Smart Scan Analysis for XAX
Based on our trend formula, XAX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).