Index Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Nasdaq Next Generation 100 Total Return AUD (NASDAQ:NGXTAUD)
Sidelines Mode (+55) - NGXTAUD 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 NGXTAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGXTAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGXTAUD
The long-term trend has been UP since Aug 5th, 2022 at 1104.29
The intermediate-term trend has been DOWN since Sep 13th, 2023 at 1155.94
The short-term trend has been UP since Sep 27th, 2023 at 1128.07
Smart Scan Analysis for NGXTAUD
Based on our trend formula, NGXTAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).