Index Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
Nasdaq Victory Emerging Market Value Momentum Index (NASDAQ:VMELM)
Weak Downtrend (-65) - VMELM is showing signs of a strengthening downtrend. Monitor VMELM as it may be building momentum to the downside.
Is it time to buy, sell, or avoid VMELM?
MarketClub looks at technical strength and momentum to determine if the timing is right for VMELM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VMELM
The long-term trend has been UP since Nov 11th, 2022 at 1002.80
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 1109.00
The short-term trend has been DOWN since Sep 21st, 2023 at 1111.99
Smart Scan Analysis for VMELM
Based on our trend formula, VMELM is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).