Index Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Nasdaq Sprott Nickel Miners Index (NASDAQ:NSNIKL)
Long-Term Downtrend (-90) - NSNIKL is in a strong downtrend that is likely to continue. While NSNIKL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NSNIKL?
MarketClub looks at technical strength and momentum to determine if the timing is right for NSNIKL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NSNIKL
The long-term trend has been DOWN since Aug 17th, 2023 at 781.09
The intermediate-term trend has been DOWN since Sep 18th, 2023 at 771.30
The short-term trend has been DOWN since Sep 18th, 2023 at 776.41
Smart Scan Analysis for NSNIKL
Based on our trend formula, NSNIKL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).