Index Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
Invesco S&P 500 Quality ETF (GIF:SPHQ)
Weak Downtrend (-65) - SPHQ is showing signs of a strengthening downtrend. Monitor SPHQ as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPHQ?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPHQ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPHQ
The long-term trend has been UP since Jun 2nd, 2020 at 35.542
The intermediate-term trend has been DOWN since Oct 28th, 2020 at 38.253
The short-term trend has been DOWN since Oct 15th, 2020 at 39.490
Smart Scan Analysis for SPHQ
Based on our trend formula, SPHQ is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).