Index Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
NASDAQ-100 Equal Weighted CAD Index (NASDAQ:NDXECAD)
Sidelines Mode (+55) - NDXECAD 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 NDXECAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NDXECAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NDXECAD
The long-term trend has been UP since Nov 4th, 2021 at 1096.98
The intermediate-term trend has been UP since Oct 25th, 2021 at 1066.82
The short-term trend has been DOWN since Nov 22nd, 2021 at 1115.16
Smart Scan Analysis for NDXECAD
Based on our trend formula, NDXECAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).