Index Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
Horizon Kinetics ISE Asia ex Japan Wealth Index (NASDAQ:WEALTHAX)
Long-Term Downtrend (-90) - WEALTHAX is in a strong downtrend that is likely to continue. While WEALTHAX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid WEALTHAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for WEALTHAX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for WEALTHAX
The long-term trend has been DOWN since Aug 20th, 2021 at 234.67
The intermediate-term trend has been DOWN since Jan 24th, 2022 at 233.14
The short-term trend has been DOWN since Jan 16th, 2022 at 237.12
Smart Scan Analysis for WEALTHAX
Based on our trend formula, WEALTHAX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).