Index Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Nasdaq CTA Emerging Markets Internet & E-commerce Net Total Return Index CAD (NASDAQ:QNETEMNRCAD)
Countertrend Down (-85) - QNETEMNRCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid QNETEMNRCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNETEMNRCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNETEMNRCAD
The long-term trend has been DOWN since Oct 4th, 2023 at 518.47
The intermediate-term trend has been DOWN since Dec 4th, 2023 at 544.41
The short-term trend has been UP since Dec 8th, 2023 at 543.08
Smart Scan Analysis for QNETEMNRCAD
Based on our trend formula, QNETEMNRCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).