Index Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
S&P Composite 1500 Oil & Gas Exploration & Production (Sub Ind) (CME:SP1500-10102020)
Countertrend Up (+85) - SP1500-10102020 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 SP1500-10102020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-10102020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-10102020
The long-term trend has been UP since Nov 24th, 2020 at 247.58
The intermediate-term trend has been UP since Apr 28th, 2021 at 349.19
The short-term trend has been DOWN since May 13th, 2021 at 359.80
Smart Scan Analysis for SP1500-10102020
Based on our trend formula, SP1500-10102020 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||557.14||52wk High Date||2018-10-09|
|52wk Low||402.71||52wk Low Date||2018-02-09|