Index Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
Nasdaq CTA Emerging Markets Internet & E-commerce Net Total Return Index GBP (NASDAQ:QNETEMNRGBP)
Countertrend Down (-85) - QNETEMNRGBP 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 QNETEMNRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNETEMNRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNETEMNRGBP
The long-term trend has been DOWN since May 10th, 2021 at 1041.35
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 548.35
The short-term trend has been UP since May 13th, 2022 at 508.26
Smart Scan Analysis for QNETEMNRGBP
Based on our trend formula, QNETEMNRGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).