Index Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
Nasdaq-100 Equal Weighted Total Return Currency Hedged JPY Index (NASDAQ:NETRJPYMH)
Sidelines Mode (-55) - NETRJPYMH 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 NETRJPYMH?
MarketClub looks at technical strength and momentum to determine if the timing is right for NETRJPYMH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NETRJPYMH
The long-term trend has been DOWN since Jan 20th, 2022 at 1052.47
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 1000.78
The short-term trend has been UP since May 26th, 2022 at 876.63
Smart Scan Analysis for NETRJPYMH
Based on our trend formula, NETRJPYMH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).