Index Trend Analysis Report
Prepared for you on Sunday, December 5, 2021.
Nasdaq Next Generation 100 Index CAD (NASDAQ:NGXCAD)
Crossroads (-60) - NGXCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NGXCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGXCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGXCAD
The long-term trend has been UP since Nov 8th, 2021 at 1348.92
The intermediate-term trend has been DOWN since Nov 24th, 2021 at 1313.51
The short-term trend has been DOWN since Nov 18th, 2021 at 1356.31
Smart Scan Analysis for NGXCAD
Based on our trend formula, NGXCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).