Index Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
S&P 500 Food & Staples Retailing (Industry) (CME:SP500-301010)
Sidelines Mode (-55) - SP500-301010 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 SP500-301010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-301010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-301010
The long-term trend has been DOWN since Feb 3rd, 2020 at 482.72
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 478.30
The short-term trend has been UP since Apr 6th, 2020 at 455.39
Smart Scan Analysis for SP500-301010
Based on our trend formula, SP500-301010 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||460.9||52wk High Date||2018-11-12|
|52wk Low||355.37||52wk Low Date||2018-04-02|