Index Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
NASDAQ-100 Equal Weighted Total Return JPY Index (NASDAQ:NETRJPY)
Sidelines Mode (+55) - NETRJPY 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 NETRJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NETRJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NETRJPY
The long-term trend has been UP since Feb 14th, 2023 at 1214.66
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 1421.97
The short-term trend has been UP since Sep 27th, 2023 at 1425.50
Smart Scan Analysis for NETRJPY
Based on our trend formula, NETRJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).