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Index Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
S&P South Africa Low Volatility Index ZAR (CME:SPSALVZP)
Countertrend Down (-85) - SPSALVZP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SPSALVZP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPSALVZP.
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 SPSALVZP
The long-term trend has been DOWN since Apr 2nd, 2024 at 2019.39
The intermediate-term trend has been DOWN since Feb 19th, 2024 at 2073.98
The short-term trend has been UP since Apr 22nd, 2024 at 1962.07
Smart Scan Analysis for SPSALVZP
Based on our trend formula, SPSALVZP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1967.22 | 1975.68 | 1966.15 | 1966.15 | -1.03 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1967.18 | 0 | 2024-04-24 12:00:04 |
| 52wk High | 2898.97 | 52wk High Date | 2018-01-26 |
| 52wk Low | 2418.75 | 52wk Low Date | 2018-10-25 |