Index Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
S&P Composite 1500 Oil & Gas Drilling (Sub Ind) (CME:SP1500-10101010)
Crossroads (+60) - SP1500-10101010 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP1500-10101010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-10101010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-10101010
The long-term trend has been DOWN since Feb 24th, 2020 at 101.44
The intermediate-term trend has been UP since Jul 21st, 2020 at 44.81
The short-term trend has been UP since Aug 4th, 2020 at 45.29
Smart Scan Analysis for SP1500-10101010
Based on our trend formula, SP1500-10101010 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||326.46||52wk High Date||2018-05-17|
|52wk Low||221.26||52wk Low Date||2018-11-28|