Index Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
S&P Composite 1500 Automobiles & Components (Industry Group) (CME:SP1500-2510)
Sidelines Mode (-55) - SP1500-2510 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 SP1500-2510?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-2510.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-2510
The long-term trend has been DOWN since Oct 19th, 2023 at 137.78
The intermediate-term trend has been UP since Nov 14th, 2023 at 140.54
The short-term trend has been DOWN since Dec 1st, 2023 at 144.12
Smart Scan Analysis for SP1500-2510
Based on our trend formula, SP1500-2510 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||178.9||52wk High Date||2018-01-16|
|52wk Low||115.8||52wk Low Date||2018-10-24|