Index Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
Nasdaq Next Generation 100 ESG CHF Index (NASDAQ:NGXESG03)
Long-Term Downtrend (-90) - NGXESG03 is in a strong downtrend that is likely to continue. While NGXESG03 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NGXESG03?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGXESG03.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGXESG03
The long-term trend has been DOWN since Apr 26th, 2023 at 741.73
The intermediate-term trend has been DOWN since Sep 19th, 2023 at 776.37
The short-term trend has been DOWN since Sep 6th, 2023 at 799.09
Smart Scan Analysis for NGXESG03
Based on our trend formula, NGXESG03 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).