Index Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
S&P Composite 1500 Airlines (Industry) (CME:SP1500-203020)
Sidelines Mode (-55) - SP1500-203020 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 SP1500-203020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-203020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-203020
The long-term trend has been DOWN since Oct 2nd, 2019 at 350.49
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 181.06
The short-term trend has been UP since Aug 4th, 2020 at 180.38
Smart Scan Analysis for SP1500-203020
Based on our trend formula, SP1500-203020 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||448.59||52wk High Date||2018-01-16|
|52wk Low||348.95||52wk Low Date||2018-06-28|