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Index Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
S&P Composite 1500 Telecommunication Services (Sector) (CME:SP1500-50)
Sidelines Mode (+55) - SP1500-50 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 SP1500-50?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-50.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SP1500-50
The long-term trend has been UP since Nov 14th, 2023 at 231.59
The intermediate-term trend has been DOWN since Apr 17th, 2024 at 277.62
The short-term trend has been UP since Apr 24th, 2024 at 282.09
Smart Scan Analysis for SP1500-50
Based on our trend formula, SP1500-50 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 282.79 | 283.26 | 278.40 | 281.35 | -0.15 |
| Prev. Close | Volume | Bid | Ask | Time |
| 281.50 | 280442031 | 2024-04-24 17:07:32 |
| 52wk High | 168.66 | 52wk High Date | 2018-02-01 |
| 52wk Low | 140.06 | 52wk Low Date | 2018-05-09 |