Index Trend Analysis Report
Prepared for you on Tuesday, November 30, 2021.
Nasdaq CTA Emerging Markets Internet & E-commerce Index GBP (NASDAQ:QNETEMGBP)
Long-Term Downtrend (-90) - QNETEMGBP is in a strong downtrend that is likely to continue. While QNETEMGBP 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 QNETEMGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNETEMGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNETEMGBP
The long-term trend has been DOWN since Mar 26th, 2021 at 1041.25
The intermediate-term trend has been DOWN since Nov 22nd, 2021 at 832.59
The short-term trend has been DOWN since Nov 17th, 2021 at 889.57
Smart Scan Analysis for QNETEMGBP
Based on our trend formula, QNETEMGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).