Index Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
Nasdaq CTA Emerging Markets Internet & E-commerce Index (NASDAQ:QNETEM)
Sidelines Mode (-55) - QNETEM 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 QNETEM?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNETEM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNETEM
The long-term trend has been DOWN since May 10th, 2021 at 1109.33
The intermediate-term trend has been DOWN since Jan 27th, 2022 at 676.34
The short-term trend has been UP since May 26th, 2022 at 511.00
Smart Scan Analysis for QNETEM
Based on our trend formula, QNETEM is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).