Mutual Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
SHORT NASDAQ-100 PROFUND INVESTOR CLASS (NASDAQ:SOPIX)
Bear Market Rally (-75) - SOPIX is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SOPIX as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SOPIX?
MarketClub looks at technical strength and momentum to determine if the timing is right for SOPIX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SOPIX
The long-term trend has been DOWN since Apr 27th, 2020 at 26.69
The intermediate-term trend has been DOWN since Sep 30th, 2020 at 19.64
The short-term trend has been UP since Oct 15th, 2020 at 18.59
Smart Scan Analysis for SOPIX
Based on our trend formula, SOPIX is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||35.01||52wk High Date||2020-03-16|
|52wk Low||7.85||52wk Low Date||2019-11-15|
|Year End Close||29.8||Payment Date||2019-12-31|