Index Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
S&P Composite 1500 Automobiles & Components (Industry Group) (CME:SP1500-2510)
Long-Term Uptrend (+90) - SP1500-2510 is in a strong uptrend that is likely to continue. While SP1500-2510 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Aug 2nd, 2021 at 163.67
The intermediate-term trend has been UP since Jul 30th, 2021 at 161.77
The short-term trend has been UP since Oct 4th, 2021 at 175.38
Smart Scan Analysis for SP1500-2510
Based on our trend formula, SP1500-2510 is rated as a +90 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|