Index Trend Analysis Report
Prepared for you on Monday, February 6, 2023.
Nasdaq Global Semiconductor Total Return Index (NASDAQ:GSOXTR)
Bull Market Weakness (+75) - GSOXTR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GSOXTR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GSOXTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GSOXTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GSOXTR
The long-term trend has been UP since Dec 1st, 2022 at 837.10
The intermediate-term trend has been UP since Jan 8th, 2023 at 796.68
The short-term trend has been DOWN since Jan 30th, 2023 at 874.20
Smart Scan Analysis for GSOXTR
Based on our trend formula, GSOXTR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).