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Index Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Silver Benchmark Index (CME:SGICSIB)

Sidelines Mode (-55) - SGICSIB 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 SGICSIB?

MarketClub looks at technical strength and momentum to determine if the timing is right for SGICSIB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SGICSIB
Open High Low SGICSIB Price Change
8056.24 8130.92 7957.20 8103.32 +48.71
Entry Signal

MarketClub’s Trade Triangles for SGICSIB

long term down The long-term trend has been DOWN since Feb 13th, 2024 at 7229.88

intermediate term up The intermediate-term trend has been UP since Feb 16th, 2024 at 7685.54

short term down The short-term trend has been DOWN since Mar 21st, 2024 at 8093.58

Smart Scan Analysis for SGICSIB

Based on our trend formula, SGICSIB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SGICSIB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8056.24 8130.92 7957.20 8103.32 +48.71
Prev. Close Volume Bid Ask Time
8090.66 0 2024-03-28 13:45:03
52wk High7009.74652wk High Date2018-01-25
52wk Low5378.82152wk Low Date2018-11-14
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