Index Trend Analysis Report
Prepared for you on Tuesday, January 26, 2021.
Silver Benchmark Index (CME:SGICSIB)
Countertrend Up (+85) - SGICSIB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for SGICSIB
The long-term trend has been UP since Jun 1st, 2020 at 6798.819
The intermediate-term trend has been UP since Dec 16th, 2020 at 8954.719
The short-term trend has been UP since Jan 20th, 2021 at 9151.645
Smart Scan Analysis for SGICSIB
Based on our trend formula, SGICSIB is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||7009.746||52wk High Date||2018-01-25|
|52wk Low||5378.821||52wk Low Date||2018-11-14|