Index Trend Analysis Report
Prepared for you on Tuesday, April 13, 2021.
Nasdaq Next Generation 100 Currency Hedged CAD TR Index (NASDAQ:NGXTCADMH)
Sidelines Mode (-55) - NGXTCADMH 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 NGXTCADMH?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGXTCADMH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGXTCADMH
The long-term trend has been DOWN since Mar 4th, 2021 at 941.68
The intermediate-term trend has been DOWN since Mar 4th, 2021 at 965.68
The short-term trend has been UP since Mar 31st, 2021 at 956.33
Smart Scan Analysis for NGXTCADMH
Based on our trend formula, NGXTCADMH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).