Index Trend Analysis Report
Prepared for you on Monday, May 23, 2022.
Nasdaq Yewno Global Innovative Tech Index EUR TR (NASDAQ:NYGITTEUR)
Long-Term Downtrend (-90) - NYGITTEUR is in a strong downtrend that is likely to continue. While NYGITTEUR 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 NYGITTEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NYGITTEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NYGITTEUR
The long-term trend has been DOWN since Jan 24th, 2022 at 1824.04
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 1837.29
The short-term trend has been DOWN since May 19th, 2022 at 1667.89
Smart Scan Analysis for NYGITTEUR
Based on our trend formula, NYGITTEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).