Index Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
Nasdaq CTA Emerging Markets Internet & E-commerce Net Total Return Index AUD (NASDAQ:QNETEMNRAUD)
Sidelines Mode (-55) - QNETEMNRAUD 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 QNETEMNRAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNETEMNRAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNETEMNRAUD
The long-term trend has been DOWN since Apr 25th, 2023 at 543.00
The intermediate-term trend has been DOWN since May 31st, 2023 at 535.70
The short-term trend has been UP since Jun 2nd, 2023 at 554.05
Smart Scan Analysis for QNETEMNRAUD
Based on our trend formula, QNETEMNRAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).