Index Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Nasdaq Next Generation 100 Currency Hedged CAD Index (NASDAQ:NGXCADMH)
Long-Term Uptrend (+90) - NGXCADMH is in a strong uptrend that is likely to continue. While NGXCADMH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid NGXCADMH?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGXCADMH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGXCADMH
The long-term trend has been UP since Jan 23rd, 2023 at 774.81
The intermediate-term trend has been UP since May 18th, 2023 at 746.93
The short-term trend has been UP since May 30th, 2023 at 741.38
Smart Scan Analysis for NGXCADMH
Based on our trend formula, NGXCADMH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).