Index Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Nasdaq Next Generation 100 ESG EUR Index (NASDAQ:NGXESG04)
Sidelines Mode (-55) - NGXESG04 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 NGXESG04?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGXESG04.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGXESG04
The long-term trend has been UP since Oct 19th, 2021 at 1042.11
The intermediate-term trend has been DOWN since Nov 30th, 2021 at 1074.79
The short-term trend has been UP since Dec 7th, 2021 at 1059.69
Smart Scan Analysis for NGXESG04
Based on our trend formula, NGXESG04 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).