Index Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
S&P Composite 1500 Restaurants (Sub Ind) (CME:SP1500-25301040)
Sidelines Mode (-55) - SP1500-25301040 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 SP1500-25301040?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-25301040.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-25301040
The long-term trend has been DOWN since Feb 28th, 2020 at 1526.10
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 1652.73
The short-term trend has been UP since Apr 6th, 2020 at 1210.42
Smart Scan Analysis for SP1500-25301040
Based on our trend formula, SP1500-25301040 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1428.13||52wk High Date||2018-11-29|
|52wk Low||1139.92||52wk Low Date||2018-02-09|