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Index Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
S&P 500 Automobiles & Components (Industry Group) (CME:SP500-2510)
Sidelines Mode (+55) - SP500-2510 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-2510?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-2510.
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 SP500-2510
The long-term trend has been DOWN since Oct 20th, 2023 at 119.47
The intermediate-term trend has been UP since Apr 29th, 2024 at 106.75
The short-term trend has been DOWN since May 8th, 2024 at 105.47
Smart Scan Analysis for SP500-2510
Based on our trend formula, SP500-2510 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 102.36 | 104.86 | 101.89 | 104.21 | -1.47 |
| Prev. Close | Volume | Bid | Ask | Time |
| 104.21 | 128023243 | 2024-05-08 17:00:39 |
| 52wk High | 152.84 | 52wk High Date | 2018-01-16 |
| 52wk Low | 101.04 | 52wk Low Date | 2018-10-24 |