Index Trend Analysis Report
Prepared for you on Sunday, May 22, 2022.
Nasdaq CTA Emerging Markets Internet & E-commerce Total Return Index JPY (NASDAQ:QNETEMTRJPY)
Sidelines Mode (-55) - QNETEMTRJPY 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 QNETEMTRJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for QNETEMTRJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QNETEMTRJPY
The long-term trend has been DOWN since May 10th, 2021 at 1164.38
The intermediate-term trend has been DOWN since Apr 18th, 2022 at 660.31
The short-term trend has been UP since May 13th, 2022 at 606.20
Smart Scan Analysis for QNETEMTRJPY
Based on our trend formula, QNETEMTRJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).