Index Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
NYSE American Composite Index (GIF:XAX)
Sidelines Mode (+55) - XAX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Feb 16th, 2021 at 2651.68
The intermediate-term trend has been UP since Feb 16th, 2021 at 2651.68
The short-term trend has been DOWN since Apr 19th, 2021 at 2799.12
Smart Scan Analysis for XAX
Based on our trend formula, XAX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).