Index Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Nasdaq Next Generation 100 ESG Total Return Currency Hedged CAD Index (NASDAQ:NGXG12MH)
Countertrend Up (+85) - NGXG12MH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid NGXG12MH?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGXG12MH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGXG12MH
The long-term trend has been UP since Aug 11th, 2022 at 845.66
The intermediate-term trend has been UP since Jul 20th, 2022 at 772.40
The short-term trend has been DOWN since Aug 17th, 2022 at 840.11
Smart Scan Analysis for NGXG12MH
Based on our trend formula, NGXG12MH is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).