Index Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Nasdaq Sprott Energy Transition Materials ex Uranium Net Total Return Index (NASDAQ:NSETMUN)
Sidelines Mode (-55) - NSETMUN 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 NSETMUN?
MarketClub looks at technical strength and momentum to determine if the timing is right for NSETMUN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NSETMUN
The long-term trend has been DOWN since Feb 15th, 2023 at 976.22
The intermediate-term trend has been DOWN since Sep 20th, 2023 at 781.27
The short-term trend has been UP since Dec 8th, 2023 at 662.56
Smart Scan Analysis for NSETMUN
Based on our trend formula, NSETMUN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).