Index Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Nasdaq Sprott Energy Transition Materials Select Index (NASDAQ:METAL)
Strong Downtrend (-100) - METAL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, METAL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid METAL?
MarketClub looks at technical strength and momentum to determine if the timing is right for METAL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for METAL
The long-term trend has been DOWN since Aug 16th, 2023 at 1080.27
The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 1150.93
The short-term trend has been DOWN since Sep 19th, 2023 at 1062.27
Smart Scan Analysis for METAL
Based on our trend formula, METAL is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).