Index Trend Analysis Report
Prepared for you on Friday, July 1, 2022.
S&P Composite 1500 Utilities (Industry Group) (CME:SP1500-5510)
Sidelines Mode (-55) - SP1500-5510 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 SP1500-5510?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-5510.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-5510
The long-term trend has been DOWN since Jun 14th, 2022 at 384.51
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 406.22
The short-term trend has been UP since Jun 22nd, 2022 at 380.90
Smart Scan Analysis for SP1500-5510
Based on our trend formula, SP1500-5510 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||330.87||52wk High Date||2017-12-01|
|52wk Low||277.17||52wk Low Date||2018-02-06|