Index Trend Analysis Report
Prepared for you on Friday, August 12, 2022.
Nasdaq CTA Emerging Markets Internet & E-commerce Net Total Return Index (NASDAQ:QNETEMNR)
Weak Downtrend (-65) - QNETEMNR is showing signs of a strengthening downtrend. Monitor QNETEMNR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid QNETEMNR?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNETEMNR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNETEMNR
The long-term trend has been DOWN since May 10th, 2021 at 1109.74
The intermediate-term trend has been DOWN since Jul 11th, 2022 at 539.51
The short-term trend has been UP since Aug 11th, 2022 at 553.39
Smart Scan Analysis for QNETEMNR
Based on our trend formula, QNETEMNR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).