Free Daily Analysis
Index Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
S&P 500 Automobiles (Industry) (CME:SP500-251020)
Sidelines Mode (+55) - SP500-251020 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 SP500-251020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-251020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for SP500-251020
The long-term trend has been DOWN since Oct 20th, 2023 at 87.91
The intermediate-term trend has been UP since Apr 29th, 2024 at 78.79
The short-term trend has been DOWN since May 8th, 2024 at 77.58
Smart Scan Analysis for SP500-251020
Based on our trend formula, SP500-251020 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 75.12 | 77.09 | 74.83 | 76.57 | -1.17 |
| Prev. Close | Volume | Bid | Ask | Time |
| 76.57 | 123282992 | 2024-05-08 17:00:39 |
| 52wk High | 120.87 | 52wk High Date | 2018-01-16 |
| 52wk Low | 78.04 | 52wk Low Date | 2018-10-24 |