Mutual Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
INDEX FUNDS S&P 500 EQUAL WEIGHT (NASDAQ:INDEX)
Countertrend Up (+85) - INDEX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid INDEX?
MarketClub looks at technical strength and momentum to determine if the timing is right for INDEX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for INDEX
The long-term trend has been UP since Jun 5th, 2020 at 32.43
The intermediate-term trend has been UP since Nov 9th, 2020 at 34.75
The short-term trend has been DOWN since Nov 30th, 2020 at 37.72
Smart Scan Analysis for INDEX
Based on our trend formula, INDEX is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||35.37||52wk High Date||2020-02-12|
|52wk Low||21.64||52wk Low Date||2020-03-23|
|Year End Close||30.36||Payment Date||2019-12-18|