Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
S&P Composite 1500 Semiconductors & Semiconductor Equipment (Industry Group) (CME:SP1500-4530)
Sidelines Mode (+55) - SP1500-4530 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 SP1500-4530?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-4530.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-4530
The long-term trend has been DOWN since Feb 28th, 2020 at 1128.09
The intermediate-term trend has been UP since Apr 6th, 2020 at 1101.96
The short-term trend has been DOWN since May 27th, 2020 at 1251.27
Smart Scan Analysis for SP1500-4530
Based on our trend formula, SP1500-4530 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1092.59||52wk High Date||2018-06-07|
|52wk Low||825.98||52wk Low Date||2018-10-29|