Index Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
S&P MLP Index (CME:SPMLP)
Countertrend Up (+85) - SPMLP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPMLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPMLP.
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 SPMLP
The long-term trend has been UP since Jul 10th, 2023 at 1383.96
The intermediate-term trend has been UP since Jan 22nd, 2024 at 1532.00
The short-term trend has been DOWN since Mar 26th, 2024 at 1646.32
Smart Scan Analysis for SPMLP
Based on our trend formula, SPMLP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
1656.32 | 1663.08 | 1653.94 | 1662.86 | +12.34 |
Prev. Close | Volume | Bid | Ask | Time |
1650.52 | 0 | 2024-03-28 13:40:29 |
52wk High | 1717.06 | 52wk High Date | 2018-01-24 |
52wk Low | 1314.7 | 52wk Low Date | 2018-03-27 |