Index Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
Nasdaq Victory Emerging Market Value Momentum Total Return Index (NASDAQ:VMELMT)
Weak Downtrend (-65) - VMELMT is showing signs of a strengthening downtrend. Monitor VMELMT as it may be building momentum to the downside.
Is it time to buy, sell, or avoid VMELMT?
MarketClub looks at technical strength and momentum to determine if the timing is right for VMELMT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VMELMT
The long-term trend has been UP since Nov 10th, 2022 at 1003.28
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 1173.26
The short-term trend has been DOWN since Sep 21st, 2023 at 1178.50
Smart Scan Analysis for VMELMT
Based on our trend formula, VMELMT is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).