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Index Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
S&P Composite 1500 Telecommunication Services (Sector) (CME:SP1500-50)
Long-Term Uptrend (+90) - SP1500-50 is in a strong uptrend that is likely to continue. While SP1500-50 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SP1500-50?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-50.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SP1500-50
The long-term trend has been UP since Nov 14th, 2023 at 231.59
The intermediate-term trend has been UP since May 7th, 2024 at 286.79
The short-term trend has been UP since Apr 26th, 2024 at 283.26
Smart Scan Analysis for SP1500-50
Based on our trend formula, SP1500-50 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 284.06 | 287.54 | 283.86 | 286.07 | -0.63 |
| Prev. Close | Volume | Bid | Ask | Time |
| 286.07 | 304593878 | 2024-05-08 17:00:39 |
| 52wk High | 168.66 | 52wk High Date | 2018-02-01 |
| 52wk Low | 140.06 | 52wk Low Date | 2018-05-09 |