Index Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Nasdaq Yewno Global Innovative Tech Index (NASDAQ:NYGIT)
Long-Term Uptrend (+90) - NYGIT is in a strong uptrend that is likely to continue. While NYGIT 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 NYGIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for NYGIT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NYGIT
The long-term trend has been UP since Nov 14th, 2023 at 1713.85
The intermediate-term trend has been UP since Nov 3rd, 2023 at 1654.55
The short-term trend has been UP since Oct 31st, 2023 at 1578.86
Smart Scan Analysis for NYGIT
Based on our trend formula, NYGIT is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).