Index Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
Nasdaq Next Generation 100 ESG Index (NASDAQ:NGXESG)
Bear Market Rally (-75) - NGXESG is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NGXESG as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid NGXESG?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGXESG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGXESG
The long-term trend has been DOWN since Jan 10th, 2022 at 960.62
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 874.29
The short-term trend has been UP since May 26th, 2022 at 781.76
Smart Scan Analysis for NGXESG
Based on our trend formula, NGXESG is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).