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Index Trend Analysis Report
Prepared for you on Monday, May 6, 2024.
S&P Composite 1500 Steel (Sub Ind) (CME:SP1500-15104050)
Sidelines Mode (+55) - SP1500-15104050 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 SP1500-15104050?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-15104050.
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 SP1500-15104050
The long-term trend has been UP since Nov 30th, 2023 at 391.97
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 460.20
The short-term trend has been UP since May 3rd, 2024 at 431.75
Smart Scan Analysis for SP1500-15104050
Based on our trend formula, SP1500-15104050 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 430.44 | 435.62 | 428.73 | 433.80 | +6.15 |
| Prev. Close | Volume | Bid | Ask | Time |
| 433.80 | 17401042 | 2024-05-03 16:20:12 |
| 52wk High | 202.25 | 52wk High Date | 2018-02-20 |
| 52wk Low | 147.63 | 52wk Low Date | 2018-11-28 |