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Index Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

S&P / Harel Energy Index (CME:SPHLENIP)

Sidelines Mode (+55) - SPHLENIP 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 SPHLENIP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPHLENIP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPHLENIP
Open High Low SPHLENIP Price Change
1659.80 1666.54 1646.69 1650.30 -9.50
Entry Signal

MarketClub’s Trade Triangles for SPHLENIP

long term up The long-term trend has been UP since Jan 2nd, 2024 at 1710.67

intermediate term down The intermediate-term trend has been DOWN since Apr 11th, 2024 at 1620.71

short term up The short-term trend has been UP since Apr 21st, 2024 at 1625.09

Smart Scan Analysis for SPHLENIP

Based on our trend formula, SPHLENIP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SPHLENIP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1659.80 1666.54 1646.69 1650.30 -9.50
Prev. Close Volume Bid Ask Time
1650.30 0 2024-04-25 13:26:54
52wk High1661.1852wk High Date2018-09-25
52wk Low1426.5352wk Low Date2018-06-28
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