Index Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
S&P Composite 1500 Automobiles (Industry) (CME:SP1500-251020)
Sidelines Mode (-55) - SP1500-251020 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 SP1500-251020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-251020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-251020
The long-term trend has been DOWN since Oct 2nd, 2019 at 94.17
The intermediate-term trend has been UP since May 18th, 2020 at 66.08
The short-term trend has been DOWN since May 29th, 2020 at 71.40
Smart Scan Analysis for SP1500-251020
Based on our trend formula, SP1500-251020 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||137.78||52wk High Date||2018-01-16|
|52wk Low||87.05||52wk Low Date||2018-10-24|