Index Trend Analysis Report
Prepared for you on Saturday, October 1, 2022.
S&P/ASX Australian Fixed Interest 0+ BBB Rating Band Index (CME:SPBDA3BT)
Sidelines Mode (+55) - SPBDA3BT 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 SPBDA3BT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDA3BT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDA3BT
The long-term trend has been UP since Aug 2nd, 2022 at 167.25
The intermediate-term trend has been DOWN since Sep 22nd, 2022 at 163.34
The short-term trend has been UP since Sep 29th, 2022 at 162.61
Smart Scan Analysis for SPBDA3BT
Based on our trend formula, SPBDA3BT is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).