Index Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
S&P China A Share Dividend Opportunities Index (CHINESE RENMINBI) (TR) (CME:CSPSADRT)
Bull Market Weakness (+75) - CSPSADRT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CSPSADRT as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CSPSADRT?
MarketClub looks at technical strength and momentum to determine if the timing is right for CSPSADRT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CSPSADRT
The long-term trend has been UP since Sep 14th, 2023 at 20614.25
The intermediate-term trend has been UP since Nov 16th, 2023 at 20239.18
The short-term trend has been DOWN since Dec 5th, 2023 at 20548.32
Smart Scan Analysis for CSPSADRT
Based on our trend formula, CSPSADRT is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).