Index Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
Nasdaq CTA International Cloud Computing Total Return Index (NASDAQ:CPQITR)
Long-Term Downtrend (-90) - CPQITR is in a strong downtrend that is likely to continue. While CPQITR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CPQITR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CPQITR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CPQITR
The long-term trend has been DOWN since Aug 21st, 2023 at 568.7219
The intermediate-term trend has been DOWN since Aug 8th, 2023 at 605.8625
The short-term trend has been DOWN since Sep 18th, 2023 at 584.6339
Smart Scan Analysis for CPQITR
Based on our trend formula, CPQITR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).