Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
S&P South Africa Dividend Aristocrats ZAR (CME:SPSADAZP)
Sidelines Mode (-55) - SPSADAZP 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 SPSADAZP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPSADAZP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPSADAZP
The long-term trend has been DOWN since Feb 3rd, 2020 at 2501.41
The intermediate-term trend has been DOWN since May 4th, 2020 at 1943.75
The short-term trend has been UP since May 27th, 2020 at 1983.79
Smart Scan Analysis for SPSADAZP
Based on our trend formula, SPSADAZP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3267.15||52wk High Date||2018-03-06|
|52wk Low||2514.25||52wk Low Date||2018-10-25|