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Index Trend Analysis Report
Prepared for you on Friday, May 17, 2024.
Nasdaq Next Generation 100 Total Return CAD (NASDAQ:NGXTCAD)
Long-Term Uptrend (+90) - NGXTCAD is in a strong uptrend that is likely to continue. While NGXTCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid NGXTCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGXTCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NGXTCAD
The long-term trend has been UP since Dec 14th, 2023 at 1118.55
The intermediate-term trend has been UP since May 13th, 2024 at 1197.15
The short-term trend has been UP since May 6th, 2024 at 1181.49
Smart Scan Analysis for NGXTCAD
Based on our trend formula, NGXTCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1212.12 | 1212.57 | 1207.28 | 1207.39 | -7.36 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1207.39 | 0 | 2024-05-16 17:12:00 |